Playing every breath you take by Sting now. Fitting. Key take aways. No big layoffs. May have small reductions after last major TG. AI and more AI comong Working put Cloud strategy with RFP for single primary vendor underway and being figured... — read more
Layoff at Peak today
Excellent worker. 20+ years with the company and disabled.
Who h--l is handling (vendor and FTE tam) migration to Harn--ess?
Tools team is really place to Russian roulette. Neither they can go out of Lamboo Nor They can go out bit-f-uket Nor they can load new teams on There claims is moon. seems this just another project of Schwab which neither can finish nor they... — read more
This world of recruiters
Many of us don't have experience looking for jobs.. recruiters found me but now recruiters are basically scam callers. It's a different lifestyle.. recruiters would take me and colleagues out to lunch, now they call from scam-aware numbers and hang... — read more
Corporate Update on RTO and Layoffs
They said there are no conversations on changing RTO and layoffs. On RTO, they are spaced constrained in Orlando and would like to find more space to have those people who want to come in to be able to come into the office. Layoffs, they have taken... — read more
Schwab has a new way of getting rid of people
No cuts necessary, they've figured out they can get folks to leave on their own if they bring micromanaging up a few notches and constantly provide negative feedback. Most of the people who know how to do their jobs are not putting up with this, with... — read more
We are human beings, not human doings
Simply, we are intended to “be” not “do.” Never forget the value of being present and in the moment. There will always be plenty to do, but there is only one now. Be in the now
What if Fed Rates are Not Cut till 2025? What would be impact on jobs in banks like Schwab?
https://www.capitalgroup.com/advisor/insights/articles/what-if-fed-doesnt-cut-interest-rates-2024.html
To “Friends” & Colleagues of The Laid off
To all of you so called “friends” and colleagues who know people who were laid off and are to scared for your jobs or self-absorbed to respond to emails or LinkedIn messages and haven’t even reached out to be supportive…just remember this could and... — read more
Chuck Reefers that people show up in office once in a while
Chuck appeared in an in person Townhall yesterday in Westlake, and made a sweeping comment about being a workaholic, and that it is good for people to show up in the office once in a while. any thoughts on what to make of it or if he was signaling... — read more
This company is a toxic dumpster fire
I've been full-time remote now for 6 years. Well before the pandemic. I just got denied my exception. I was hired as a telecommuter. I live nowhere near a service center. Schwab is trying to find a seat for me in a city over 700 miles away. A city... — read more
Summer layoff chatter.
Anyone else hearing chatter about summer layoffs? Words is attrition isn’t high enough (for example, we have a CEO and a President…) and we will see reductions of lower performers in June or July.
100% Exception Request Denial Rate
Just had a conversation with my manager where I was told point blank that 100% of all exception requests would be denied for my entire business unit. I asked a couple follow ups: What is the rationale for a complete denial? Why even offer... — read more
Schwab Over-advertising
As someone who was let go last October, it is pretty disappointing to see the huge increase in Schwab advertising across all types of programming (news, sports, including most recently the NBA playoffs). You would think they would measure this a bit... — read more
https://www.bakerlp.com/schwab-employee-rights
For those of you in Cali. See if what this law firm offers apply to you. Doesn't hurt. Scroll to bottom of webpage for consultation. If not, Google for anti-Schwab attorneys in your state.
Retention Bonus
Anyone know if they did a retention bonus like they did the last 2 years for staying through tax season?
Who took the Glint survey??
I gave them best score possible. All 1s. 23 points total.
Is something going on in Tools Team again?
I heard a rumor there would be a silent shake over in the tools team. Teams which are going to be hit are probably CI/CD, Support, center teams. Probably more shakeup coming from the vendor's idea. Anyone having any idea
Through Client's Eyes
Why isn't this the top criteria for leaders at Schwab?. So many of them don't give a sh*t about clients unless it's their team that gets the credit. If clients only knew, they would move their money somewhere else
I’m not a poet and my mama knows it
Sitting in this stupid clown hall Listening to Walt Blather and all Lies and mistruths are the theme of the day But we’re all supposed to smile and say Oh yes, dear sir, we love to commute And please, dear sir, drop us some fruit An Amazon gift card... — read more
Corp Culture
Corp Culture - My two cents on the topic, a lot of places are just full of people who always agree with everything. If you try to be different or disagree, they pretty much try to push you out. Schwab does have some cool leaders, but they’re too... — read more
No tax refund
Anyone else who came from the TD side not get a refund this year? I’ve had one pretty much every year (I fine a pretty simple return) but this year since moving to Schwab I had to pay. Does Schwab traditionally not hold enough?
Medical Accommodation Duration
Hello , Looking for advice/ recommendations from folks who have successfully got medical accommodations approved for 1 YEAR I’ve seen my PCP and complained about stress , anxiety , depression related symptoms when it comes to commuting to office ... — read more
Anyone else feel like they are being pushed out the door?
I had a really sh---y review back in February this year, I didn’t agree with it. I asked management advice on how to correct these mistakes, they literally told me they weren’t going to help me answer that, that I was on my own. Coaching comes... — read more
Found this on a glassdoor review lmao
Thank you for your review! We encourage all Schwabbies to work with their manager on solidifying a strategy for career growth, development, and knowledge on how to build your career across different areas of the firm. Your individual development plan... — read more
Bit concern do anyone have insider information?
Is there more cut expected for team mentioned below, some my close friends work in this teams ? They work on Legacy side (mainframe, .net, etc) Following are teams where they are involved. CAM Tools Support O2 CAM CAT I Know name of... — read more
Schwab is losing its reputation as a good employer
When I joined a few years ago, this was a place with a good reputation and I felt lucky to have landed a job here. That's gone now. Potential employees are now reconsidering because of the management's propensity to go back on its word (RTO) and... — read more
WFH Exception Applications Open Today
The WFH Exception application is open today 4/8 through the 19th. Wonder how this will go.
Who’s watching Chuck movie later this month?
Gotta give credit to Chuck for building this company we love to hate.
Fortune 100 Great Places to Work
At my new employer, and the internal site celebrated that we are #4 on the Fortune Top 100 GPTW. I pulled up the List, Schwab was nowhere to be found, BUT who was? Bank of America Edward Jones …and The Cheesecake Factory Wow, when Schwab is not... — read more
Who was cut?
Somewhere near the beginning of March some layoffs happened under the radar. Some of you have mentioned this. Can anyone confidently tell me how many and in what areas?
Executive pay
Correction - the executives received cash bonuses - not sure how they can sleep at night knowing the mess they created and the lives impacted.
Executive pay on 2024 proxy statement
Latest proxy statement is on the Schwab website. I can't quite understand how any of the Executives got a pay increase. Although none received cash bonuses they were certainly compensated well in stock and options for one of the worst years. I... — read more
To RTO or Not
Anybody get any emails or talking to yet about RTO? I have made it 3 months and haven’t done a full Mon, Wed, Thurs yet due to vacation, sick, holidays, weather, etc.
Issues Ahead
Charles Schwab is reported to have liquidity problems. Also look to the efficiency ratio in the filings April 15th. The workers will pay with their jobs.
Notice vs Quit
Anyone know if the company will fire you if you put in your notice. I’ve heard that happen to people I’ve talked to. Don’t know if it would be in their best interest at this point to pay the unemployment.
Can't wait for the antitrust lawsuit to begin
https://www.thinkadvisor.com/2024/01/25/schwab-td-ameritrade-antitrust-lawsuit-lives-on/ Ha Ha Ha Ha Ha. Explains why Schwab was so eager to get rid of the TD employees and to destroy any chances of having to rebuild the TD platform. Hope they get... — read more
Character as----------n
Feels that way to my paranoid self. Can't get a callback or interview in 5 months despite literally being the golden goose for so many years. Hurting me is one thing, but my family is innocent. I'm sure this is just me overreacting to a stale market... — read more
Another round of layoffs coming in June
Not sure if anyone heard the same, but from my view point the writing is on the wall. Frozen consultant HC, weird vibe all around. Did anyone hear anything supporting or implying June date?