Surprisingly, for me, it's not the layoffs. It's having to deal with a micromanaging boss who has no idea how to do my job but still thinks he can do it better. It's driving me insane. I often have to do things in a suboptimal way because of his... — read more 

My 1:1 meetings were never good, but, jfc. Seven minutes late. 19 minutes about their personal life. No answers to questions asked before. Skips aren’t any better. Why do managers fail so epically to do their one job? And why are they here? — read more 

I started the paperwork on 1/5 and got my official rejection/denial this morning... they put me thru the ringer with multiple phone calls to me and contacts to SCHW and validating all SCHW Severance, Vacation Pay, Back Pay, WARN Pay etc. --- I was... — read more 

For the first time I went by the Schwab Westlake headquarters on Monday and during the middle of the trading day it was dead. There is no way everyone is being forced to return to the office like the other centers. Did you all get exceptions or what?... — read more 

2023: You’re just so valuable, here are some stock options to keep encourage you to stick around. Of course they don’t start vesting for a year… 2024: What? Did you think we were serious? We’re taking those unvested options (read: ALL OF THEM) back... — read more 

Anyone notice how companies across America all implemented the same RTO at the same time time with the same messaging even though it didn’t really make any sense ? It’s like all CEOs get the same HR magazine called, “Slavery Now” and all took a... — read more 

I had to laugh at this- had a couple of people leaders of different levels who I’ve worked with reach out making soft enquiries about my new role at a different company. If they were to leave, there would be significant disruption and interruptions... — read more 

I was curious what everyone thinks of this. Heard some people talking the other day in office that apparently WFH might come back later this year or next year. The issue that is happening (at least on the tech side) is that recruiting for those roles... — read more 

Remember that Optum is one of the worst HSA custodians out there (shock I know). 0.01% interest and fees. I've been happy with Fidelity, but there are lots out there. Looking at alternatives makes sense whether you're using the account as an IRA or... — read more 

I’m seeking suggestions for well-established midwestern companies with HQs that are not and have never been located on either coast. These companies typically have values more aligned with those I’m seeking to work for. Thanks!

I was a high performer, got exceeds rating for last 2 years. I was laidoff, no job yet nor anyone reaching out. All jobs I am applying to are getting cancelled. The people I used to worked my ex bosses who are still at Schwab don't even want to... — read more 

Sounds pretty depressing for the future. https://www.ft.com/content/6fb1602d-a08b-4a8c-bac0-047b7d64aba5

I'm wondering if anyone has successfully changed their coverage level for Medical, Dental, and Vision when they enrolled in COBRA. During Open Enrollment in 2023, I selected the higher premium/lower deductible plans for Medical and Dental that I... — read more 

Schwab knows that the list of people wanting to leave this sinking ship would account for over 25% of the company and it would be an embarrassment. Leadership would have a hard time selling the cr-p they are now on how great our culture is. It is... — read more 

If you are being targeted and/or thinking of quitting you have three options. You should consider the first item even if you think things are great. Document everything with audio recordings, notes in real-time or immediately after, emails and other... — read more 

Was part of the layoffs on 10/30 and I received ups notification that there is a 3 pound package on the way from Omaha. Supposed to receive it tomorrow, anyone receive something similar or know what it is?

Any update or news on this topic? Do you really think we get a bonus? I cannot imagine getting a bonus, although we are eligible, same managers sho decided to let people go have the power to control the bonus pool, so I think we will get nothing! — read more 

I am by no means a millionaire, but it isn’t chump change either. Curious to hear what have folks been doing. I completely understand the urge to leave/rollover to another firm, but are the fees/terms as favorable?

Seems loot of F(T)ools member may on list of exit. EC should look what F(T)ools hiding behind there incompetency.

Would anyone want to share their pay for the benefit of others? Please be sure to include job level and position. Be as specific as you want regarding department and position.

I encourage everyone to look at Schwab's proxy filing. This is public information filed with the SEC, as all publicly traded companies must do. Simply Google "Schwab Proxy Filing." It details how much our executives are paying themselves, including a... — read more 

I read so many hateful messages here. I don't get it. I don't hate my job. I do dislike some aspects of it and I do admit that things have been going in the wrong direction lately, but that doesn't mean that I am not satisfied here. I fear layoffs... — read more 

I got laid off in Oct. It stung at first but I'm employed again and have moved my 401k and brokerage account to a Schwab competitor because well eff you schwab. I tried to move my ESP shares but it said there are restrictions...These werent awards... — read more 

if you get to WFH via exception or accommodation, you should make less money or forgo your bonus. Why? Because 80% of the workforce are dedicated enough to show up in the office. if you moved or are too far away… ok, take a pay cut, you’re not... — read more 

Just curious new Joiner to file and Rank. Most of team I interacted they have 2 parts legacy and new. Legacy is not going anywhere and new isn't ready yet. does company have lot of money to experiment.

Just curious if we will have more layoffs this year since the stock is down 10% this year. Revenues are in decline and everyone here are posting only negative things. I am worried.

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?