Schwab lays off talented people with loads of experience and then when they need to fill that position, they have to hire two people to replace that one. I've seen this happen at least twice, and I'm sure it's happened many more times. There's no... — read more 

I sometimes feel like working 100-hour weeks wouldn't be enough to get everything done.

I am bit confuse , I am not from tech side. What I have observed is most of tech work in done in Texas , and most Mainframe reside in Colorado. Is there any good business reason for it. or it is Schwab way of doing thing?

I need a hug.

Since the layoff, I had 2 groups reach out from the company: 1) a person that represents some job-placement group that continued to ask me the same questions despite emails that already answered the questions .. had to just block them, and 2) someone... — read more 

Has anyone received the retention bonus following the layoff? The notification mentioned it would be disbursed within 30 days of termination.

Between the WSJ article , what I’m reading on the threads here, and the sinking stock price, is there any hope left for Schwab? I was there over 5 years before being laid off and while there were some tough times, it wasn’t this consistently... — read more 

Anyone have an idea of what the planned merit increase % is?

Do they ~ever~ stop lying to their employees? What a terrible company. https://riabiz.com/a/2024/1/31/charles-schwab-layoffs-continue-109-very-talented-people-set-to-go-in-jersey-city-once-home-to-td-ameritrade-ria-custody-headquarters

Should we expect any promotions this year? I am working as a level +1 than my role since almost an year and i feel i should be promoted and paid fairly for that. Whenever i ask my manager, they just simply use the 'tough' year and 'layoffs' cards and... — read more 

Been hearing some teammates have been put on PIPs, we know they never work; so when they get canned do they at least get severance pay from Schwab?

Just heard the rumor from some one, Schwab is planning to move its tech operation to lone star state? They also said it part of cost cutting and lob consolidation. hopefully it just a rumor . I am not sure about it, does any one has any idea on it? — read more 

Scores coming back in very high! Thank you for understanding RTO and supporting it. Also, layoffs will make this company stronger in the end. Thank you again for your hard work and dedication to our clients. One Schwab!!!

The top 3 things bosses should get rid of in 2024, says CEO—remote work isn’t one of them. They also focus on attire and tracking software. I want to add a fourth - health care. Why do we tolerate literal blackmail for health care in a system that... — read more 

I heard an inside tip A big layoff is hitting Phoenix at The Peak soon. I heard this is The Big One. Retail Operations.

layoffs round 2 starts at 3pm tomorrow. expect another EC email

Dreading the faux culture, parking structure hassle, commute and crowded office. And so I can look at a screen.

How many of you are honestly thinking about leaving after bonuses? I will be one of them

Just wanted to say thank you to everyone who has posted useful info on navigating the layoff process. I picked up valuable info from you. Achieving the layoff was my last career goal at Schwab so a very welcomed call. I realize everyone isn’t in... — read more 

Got 4 interviews next week. Tech/Data Science roles. All remote and paying significantly more than Schwab. There’s hope, people. We will land on our feet.

Where is the progress? Still people clocking hours and collecting pay checks. Most relaxed job, you don't need to perform at all.

https://www.msn.com/en-us/money/companies/charles-schwab-just-survived-a-year-from-he-l-the-trouble-isn-t-over-yet/ar-BB1h44XH Here is the original post link: https://www.thelayoff.com/t/1qJWqUsk

No, return-to-office mandates don’t help companies make more money, study finds New research shows that return-to-office mandates don’t play any role in a company’s financial performance, but do have negative side effects for its... — read more 

When does the unemployment benefit kick in post 1/5. Has anyone received it yet.

Consider promoting a movement to transfer funds to Fidelity in response to the RTO at Schwab—let's call it MTF, or Move to Fidelity. Encourage family and friends to join this campaign for a collective impact.

Onto my 3nd interview with a tech. company that is 100% remote and paying slightly higher but with less responsibilities. Should I take the job if I get the offer or wait for the bonus and then look for a job after?

Schwab has done his part by laying me off and i have done my part by today transferring all my assets and 401K to Fidelity. In my career of 16 years i worked most in schwab and got laid off due to older schwab employee politics

Schwab has turned into the ge----o. My direct report got fired today for staying home and working while she had COVID. They told her she had to apply for leave instead of working remotely while she was contagious. We bent over backwards to help the... — read more 

I got laid off from the tech side and have been struggling to find another role. Even the ones I interviewed for are lower paid than what I was making at Schwab. Anyone else facing this?

Can someone please confirm this policy that my department has… ever since RTO happened, the new policy is that if we cannot make it to the office on an office day, we have to use sick time which causes an occurrence. There is no such thing on the HR... — read more 

Employees overworked and unhappy, Senior leadership out of touch. I used to be proud to tell people I worked for Schwab, but now the last two times I’ve met people on vacation, they rant about how terrible the website and service are and how they are... — read more 

Feeling stress as a PL over 16 people. Is that how many we will be forever expected to lead? I too wrote reviews for two teams and it was exhausting. CSS keeps making changes and NONE help PLs

https://www.msn.com/en-us/money/companies/charles-schwab-just-survived-a-year-from-he-l-the-trouble-isn-t-over-yet/ar-BB1h44XH

walt bettinger in 2014 " the firm has positioned itself to benefit enormously when interest rates start to rise. For now we must remain diligent and cut expenses" walt bettinger salary versus the average Schwab employee 150/1 walt bettinger in 2024... — read more 

HR is the most poorly run and most miserable organization at Chuck. That is all.

Every team we collaborate with is short staffed and losing more headcount each month. Senior leaders don't seem to care much but middle management just keeps saying they have no answers. I was in a meeting today with another engineering team and it's... — read more 

Just heard rumors, that post March or early May Tools team will trimmed of fat. Not sure, it true or not.