Topics regarding layoffs at Charles Schwab Corp.

Topics regarding layoffs at Charles Schwab Corp.

Burnout

Are there any other PL that are leading 25 + ppl feeling burnt out. My department has mentioned victim mindset. Which I find extremely offensive. I am working every single day of the week, I have peers that have substitutes every time they miss a... — read more 

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| 1170 views | | 5 replies (last January 24, 2024)
Post ID: @OP+1qI1XLDt

Burnout

Are there any other PL that are leading over 20 ppl and feeling burnt out? I am so happy to have a job that I love. I have hit a point where the pressure feels unhealthy. I’m going to consider becoming a non PL. I understand leading large teams, some... — read more 

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| 701 views | | 3 replies (last January 25, 2024)
Post ID: @OP+1qIhnw1O

Why doesn't Schwab care more about losing talent?

I get the need for cuts, but they really don't seem to care about who goes and who stays. I guess we are all just replaceable cronies. It's starting feel like an abusive relationship where they beat you while telling you it's because they love you... — read more 

how's RTO going

A few weeks passed since RTO started. What's the gossip on that? How much are you and your colleagues complying with it? Are some people cheating? Any tips or tricks to share? Is HR or real estate collecting data on badge swipes and time sheets?

Nobody is "lucky" to be laid off

Layoffs are the gifts that keep on giving. Everyone should have the experience once in their life so they can see first hand how they impact people’s lives. If you have not experienced it you have NO idea thus the many of the ignorant comments on... — read more 

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| 1270 views | | 7 replies (last January 24, 2024)
Post ID: @OP+1qIVLIyZ

Laid off and I’m here for the comments.

Wow I was just told about this site. I was so pi---d when I got laid off but I got a fat check and start a new job in Feb. It is what it is. But holy cow what is happening at Schwab??? These comments are priceless! Maybe TDA shoulda been the buyer... — read more 

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| 1250 views | | 3 replies (last January 24, 2024)
Post ID: @OP+1qIvedm7

So according to Walt today

It doesn't matter that you're the only one on your team at your location or that your team is spread out over 10 locations. What matters is seeing people in the office and water cooler conversations with people you don't know. Please remember this... — read more 

Vaca or PTO

Which one to use up first? I recently had a Manager encourage me to use sick-time vs. vacay. Then I heard it's because company doesn't pay out for vacation days but does for sick days. I'd dig through the hr website to find this, but seriously... — read more 

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| 1210 views | | 4 replies (last January 23, 2024)
Post ID: @OP+1qHB7Z1v

Stock Purchase regrets.

I fully regret investing any of my salary into the purchase plan...The leadership of this company has tanked the stock. Dump and run or ride this crash course out?

Wild thought about 73%

Senior leaders should be accountable. They should forego raises and bonuses this year and more fully fund the pool.

Schwab leadership a car study: 2014 verses 2024

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

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| 1800 views | | 9 replies (last January 22, 2024)
Post ID: @OP+1qGfkdBb

2023 W2s

Does anyone know how to obtain access to W2s for tax reporting among those who either voluntarily or involuntarily terminated with Schwab during 2023? Thank you for your help!

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| 1070 views | | 4 replies (last January 22, 2024)
Post ID: @OP+1qD9ffE3

Severance

Anyone get it yet? Usually I get my paychecks on Thursdays. This one has yet to arrive.

Noncompete - SAN

Anyone have issues with the non compete? I Applied for a role and was told I’m unable to get it due to them being a SAN advisor and anyone in SAN can’t hire a former Schwab employee for 12 months. Does this sound accurate?

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| 1400 views | | 7 replies (last January 20, 2024)
Post ID: @OP+1qD4rIrF

Below Expectations

What’s the over under on the percentage of employees that will now receive a “Below Expectations” on their performance review and get even less than the 73% bonus payout?

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| 1380 views | | 1 reply (January 17, 2024)
Post ID: @OP+1qCTTFgp

Atlassian for the W!

Lessons Learned: 1,000 Days of Distributed at Atlassian. "Using behavioral science to uncover how to do distributed work well. Key insights and practical recommendations to help you lead your (already) distributed teams to... — read more 

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| 1080 views | | 3 replies (last January 20, 2024)
Post ID: @OP+1qCzmSaN

Blame the feds!

How come Walt is allowed to blame the feds every time something goes wrong, lay us off, and then gets a raise like nothing bad happened?

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| 1520 views | | 7 replies (last January 18, 2024)
Post ID: @OP+1qCxMAsC

Glint survey

What are you honestly going to rate Schwab? I hear a lot of talk but the numbers still come in high

Stock collapse

Walt working from home in Ohio managing interest rate risk like a boss.

FU-K SCHWAB

Leaving immediately after I get my bonus. Company is a joke!

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| 2040 views | | 9 replies (last January 19, 2024)
Post ID: @OP+1qBLncRb

Schwab's Culture Problem - HBR Article Explains Why

With so much talk about people being stressed, overworked, RTO/layoff stress, looking for other jobs, it's no wonder I've seen so many of my fellow Schwabbies burning out. I came across this HBR article that highlights so many of the issues that... — read more 

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| 1462 views | | 3 replies (last January 17, 2024)
Post ID: @OP+1qBNoWN1

Is Modernization Phase Over?

Just got bit curious to find out is Modernization Done , I mean really done? If that is the Case then why we have "feline " team still now? also we have team for "suggestion " they keep changing name like rubber ? Both handling big-iron system? — read more 

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| 1290 views | | 4 replies (last January 17, 2024)
Post ID: @OP+1qBpBrdy

Medical WFH Accommodation

To those who successfully obtained a medical exception to work remotely: How was the process? Did you receive pushback from HR? What documentation does Schwab require from your physician?

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| 1550 views | | 4 replies (last January 18, 2024)
Post ID: @OP+1qAOdz2W

Restrictions

Ok, so what are we not allowed to do in order to hold onto severance? Work for Schwab or its affiliates? I read the sev agreement several times but am not 100% on this. Hopefully I can still work for a vendor that serves Schwab

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| 1250 views | | 6 replies (last February 3, 2024)
Post ID: @OP+1qyjpGWZ

Rama and spawn

Amazing to watch a new hire go from nothing to director in 6 months.. oh wait it's Rama's daughter. So fun to watch her from her penthouse during the pandemic win all awards on top of it.

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