https://www.marketwatch.com/story/schwab-users-are-seeing-inaccurate-stock-data-on-the-investing-platform-f782470b
Another tech issue
Can we have one day without a tech issue??? Come on man I’m about to quit
Trading accounts
I received an offer I trade marginally successfully to keep up with inflation does CS ban trading if hired as employee?
Schwab website and app down
See Reddit for how clients are really feeling https://www.reddit.com/r/Schwab/ Anyone still at Schwab willing to spill the tea?
RTO mandate purpose suspicions by employees were spot on
Read it here: https://www.theregister.com/2024/06/09/rto_quit_study/ If corporations cared about in person collaboration, they would create colocalized teams.
DEI
Anyone seeing this promoted in their location?
Any Insight for post-TG layoff??
Rumors in the air for post-TG layoff, especially for those remote with office shut down/size, or totally no office??/
Accessing Documents Post Termination
What would be the most efficient or resourceful method for retrieving documents and records after termination? For example: how we can view PTO that should be paid and the payroll sheets for that. Also ESPP and any post pay records? I was... — read more
Thanks Walt for the travel mug
I worked free overtime on nights and weekends for the past 18 months because our team is understaffed but the workload kept increasing. We asked for help and was told we all need to sacrifice In 2009, you received a base salary of $900,000. It's... — read more
Last day at Schwab. This place was terrible by all accounts
Last day today. 2 yrs of CS&S 1.8yr of SPCS. OSAT was a joke. Metrics were a joke. WFM was the straw that broke the camels back. Bonuses were cut. No final TG bonus. These cheap ba----ds even added a 1$ charge for thrive delivery when it was free... — read more
May TG
These may tg clients are breaking my spirit. I’ve never been screamed at , ordered around, or treated like a dog more than this group of clients that have come in. Management does nothing but say “just power through it!” How can I? I’ve been here... — read more
Why doesn't anyone in STS get promoted anymore?
I know Simon is about as lifeless as it gets and it's just about impossible to get work done but when was the last time anyone was promoted? I had a conversation with someone from another team today and we couldn't name one person that we knew that... — read more
A pointed post on Schwab Infrastructure
This is a very focused reflection on our Schwab Infrastructure organization. I was proud to be part of this organization when I hired on in Phoenix. As more Denver-specific people were hired over the years, this has become a cliquey, hatred-filled... — read more
Micro Managing
Deeply regretting my choice to become a senior team manager. Is there any room for movement after here? I spend my days taking attendance. Dealing with a director that is a micromanager. I have the highest performing team and I do not promote... — read more
Most Toxic Postings are here
Just passing through and Schwab must have the worst postings. Seriously the most hated company by employees / ex-employees this year. Almost like the next Enron.
What is Stopping?
What is Stopping Schwab from Discard or Revamp the Harness Migration Team, it turning out another waste of money? a) FTE Dum ducks they promise under delivery. They have no idea what they doing They were given a mission to... — read more
Robinhood says it picked up new customers since last group of TD Ameritrade users moved to Charles Schwab
https://finance.yahoo.com/news/robinhood-says-picked-customers-since-155300069.html Seems merged happened but point of merger is lost?
FINRA Statement to Correct Misinformation About the New Residential Supervisory Location Rule
Good communication posted by FINRA yesterday. Of interest is this part of the statement: "FINRA has seen recent statements from firms stating that new, stringent rules from FINRA will require them to bring their workforce back to the office full... — read more
Corporation is nothing but big incense family,
I was going the through data, and just saw very eye opening data. Which is some thing like this. All Corporation including Schwab is big incense family, There Carrot is another corporation hole and vice versa. One falls every one falls. Retail... — read more
Rate our bosses?
Anyone know if there is a way to “rate/grade” certain leaders? Outside of glint? Or maybe even on a 3rd party website… Would be great to have a safe way to rate those leaders in the firm, both positively and negatively as it applies.
Engagement surveys are a corporate scam
Schwab only uses them to control the narrative and to give the illusion of action. We certainly haven't seen any action as the culture at schwab is at an all time low and it's more siloed than ever here now. Not to mention how difficult it is to get... — read more
How much talent did we lose
Seems like every study is saying RTO was a bad idea https://arstechnica.com/information-technology/2024/05/rto-mandates-led-to-pronounced-exodus-of-senior-workers-at-top-tech-firms/
What is the policy on rehiring the laid-off resources?
What is the policy on rehiring the laid-off resources?
Employee Awareness & Stock Price
More Schwab employees need to be made aware of this site! Spread the word! Schwab stock is up around 57% since layoffs. That’s all they care about. They don’t care about any of you!
This TG group su-ks
Everyone has been so damn rude. Like I’m just trying to help you the best I can. Why are you screaming at me for something like the color of the website?
Termination procedures
I see a few posts by people who resigned… What was your experience? What determines if the notice period ends right away or if you stay for the term? (Is the different for rto vs full remote employees) What obligations do you have to say if you a... — read more
Anyone know if more reorgs and layoffs are coming?
Now that leadership had some changes, will other teams have changes too? Does anyone have information?
The wrong leaders are stepping aside
Peter Crawford, Bernie Clark and Joe Martinetto have been the heart and soul of Schwab's success for many years. They have tried to counterbalance the ruthless, machiavellian Walt, Rick and Jonathan, through the last few years. It's not surprising... — read more
AI will hit the labor market like a ‘tsunami,’ IMF chief warns. ‘We have very little time to get people ready for it’ ?
How many Jobs are on-line in Schwab?. https://fortune.com/2024/05/14/ai-tsunami-imf-chief-labor-market-job-loss/
Who makes the decisions on who gets cut? How is it done
We have had enough cuts by now that the system should be pretty clear from those that have actually managed or done it. Can someone with experience give the overview on what criteria Schwab is using to make the previous or upcoming cuts? Is it coming... — read more
Is it rumor or True?
Was having a water cooler conversation with one of the director. Is the team working on bamboo and bitbucket migration getting hit? or they are getting replaced in coming quarter, I mean both Vendor and FTE. Again just a rumor can someone confirm? — read more
And Then There Were None
Not enough people left for big layoffs so of course the many small "baby" layoffs will have to do. Schwab has been callously laying off left and right with no regards to who will be unlocking the front door in the morning or closing up at night. The... — read more
June Layoffs
When the May TG is one and done, a lot of people will be superfluous. Where will the cuts be the deepest?
If you are impacted by Layoff and reason is H1B
If you’re an American STEM worker outraged by this proposed rule change, you can leave comments by clicking on the link below. Our recommendation is to write a couple of paragraphs (based on your actual life experiences) on why this rule will harm... — read more
Engagement Survey Results
Did everyone see the spin that they tried to put on the poor engagement surveys? What a joke! We went from a 76 to a 79 which means we are improving everyone yay!!! Rather than addressing anything or going over the improvements they are going to make... — read more
4 day work weeks?
https://www.cnbc.com/2024/05/07/81percent-of-young-people-say-4-day-workweek-would-boost-productivity-survey-reports.html I’m curious… would you happily RTO from Monday through Thursday if it meant Fridays off?
Future of Project Managers
What is the future of the Project Manager position at Schwab? Is it a safe spot for the long term?
Equifax’s security chief had some big problems. Being a music major may be one of them Before Major Issue at Equifax
Do we have such Gold and Diamonds, Sitting in Schwab? If that is case then defiantly, we have some problem. I know some, whose majors are different what they working, and they push imagination where answer needs logic and bluntness.
Corporate Weirdness
Is it just me or is this place acting super weird lately?
Is it just me?
STS announces that post TG we will have a baby layoff. You know, so long and thanks for all the fish. I’m tired of saying it’s business as if that makes it ok. Walt has been on LinkedIn congratulating new hires and transitioning interns. That’s... — read more