Topics regarding layoffs at Charles Schwab Corp.

Topics regarding layoffs at Charles Schwab Corp.

STS All Hands was a hit

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 

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 

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| 900 views | | 2 replies (last May 1, 2024)
Post ID: @OP+1siHYvFX

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

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 

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.

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| 1680 views | | 7 replies (last April 25, 2024)
Post ID: @OP+1sc8tvso

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?

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 

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| 1910 views | | 16 replies (last April 16, 2024)
Post ID: @OP+1s1uL2Zt

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 

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 

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?

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