Topics regarding layoffs at Charles Schwab Corp.

Topics regarding layoffs at Charles Schwab Corp.

PTO Payout

Anyone that was recently terminated either forcefully or voluntarily. How long did it take for you to get paid out on your PTO?

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| 1210 views | | 7 replies (last January 21, 2024)
Post ID: @OP+1qx1Ze3R

Deposits 1/12

I saw a few deposits today. Guessing that was a stock purchase refund? Not sure. Workday no longer lets me in. Ha! I would email myhr but we know how that goes.

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| 880 views | | 4 replies (last January 12, 2024)
Post ID: @OP+1qxJ0SDE

nah nah nah nah hey hey hey goodbye

Just put my 2 weeks in! Boss said they will let me know if they want me to stay. I have some access soooo let's hope they say just pack up today. So satisfying. Yes I'm out before bonus, but my new job matched my last year bonus as a little sign... — read more 

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| 1490 views | | 5 replies (last January 16, 2024)
Post ID: @OP+1qxAFkYc

Bonus Funding- When will we know?

Any idea when the bonus funding will be announced? I know the layoff pool is separate, but it would be nice to know what we are getting.

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| 1420 views | | 6 replies (last January 12, 2024)
Post ID: @OP+1qxe5GKd

RTO is a complete corporate scam

It's been two weeks and if I wasn't sure about Schwab being a toxic workplace before I'm pretty damn convinced now. Nobody likes working here, nobody trusts senior leaders and the silo culture is back in full force. It's become so difficult to get... — read more 

“You must come in for collaboration”

I am the only late worker on my team, sitting in an empty, silent floor. This job is like a punishment, wish I would’ve been laid off. Absolutely out the door the second the bonus drops in March. RTO has been useless, provided no advantages, and is... — read more 

Laid Off + Outstanding 401k Loan = F*@$

A word of warning to anyone that hasn't gotten laid off yet, if you have a 401k loan outstanding, be aware it will be due in full upon the termination date. Just got a call from Schwab telling me that my 30k loan is due in full immediately and that... — read more 

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| 1500 views | | 7 replies (last January 20, 2024)
Post ID: @OP+1qwhvF7H

Anyone quit yet? You or on your team

Went to reach out to a developer the other day and they were gone. Looked him up on LinkedIn...landed a new job. Reached out to see what was up. Copy and pasted: "They moved me from (mangers name removed for privacy) to this new manager who... — read more 

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| 1720 views | | 7 replies (last January 20, 2024)
Post ID: @OP+1qwUq3L3

Texas unemployment

Anyone in Texas apply for unemployment and get a response? Thanks

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| 710 views | | 6 replies (last January 12, 2024)
Post ID: @OP+1qwUOx3n

COBRA

When will we be getting information about COBRA? I called COBRA and they said we should get information beyond what we have received in order to sign up. It’s 1/11. We’ll need it for February.

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| 670 views | | 4 replies (last January 18, 2024)
Post ID: @OP+1qw9Wcs5

Final Paycheck’s 401k contribution not showing yet

I got 2 paychecks on 1-5: one is a normal check for 2 weeks ending 12-31 and I can see that contribution (and Schwab’s match, plus the $250 annual) posted to my 401k. However, I also got a separate check on 1-5 for the last week (thru 1-5) and unpaid... — read more 

Laid off employees’ personal items?

I was laid off in October but have not received my personal items from my office shipped to my home yet. I shipped my Schwab equipment back right away and told the MD who laid me off remotely that they could ship my items vs me performing an awkward... — read more 

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| 950 views | | 5 replies (last January 17, 2024)
Post ID: @OP+1qwX2sAI

Upvote if you think RTO should be optional

There will always be people who want to come in. So let them! However, most of us are highly inconvenienced. So what? The years 2019/2020 were scary. For a lot of us. In many different ways. Such as physical health and/or job security. WFH was... — read more 

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| 1390 views | | 8 replies (last January 20, 2024)
Post ID: @OP+1qwSE4rO

Job search update?

I was impacted in October. Finding the job market very tight. 100+ applications, 2 interviews… no offers. Are the rest of you having any better luck?

Top Workplace

These top workplace designations seem rigged. If Schwab wins again it is certainly something they pay for to win like a participation trophy. What a scam

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| 960 views | | 3 replies (last January 11, 2024)
Post ID: @OP+1qvUkCde

Of course it happened

With RTO What I thought would happen has happened. Have a colleague who let me know they tested positive for Covid, and we were in office last week with them. Though I have symptoms, I tested negative and self isolating. My spouse is... — read more 

Shocked!

https://www.businessinsider.com/rto-policies-dont-improve-employee-performance-company-value-controlling-bosses-2024-1

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| 1110 views | | 3 replies (last January 10, 2024)
Post ID: @OP+1quAWFev

Interesting …

https://abcnews.go.com/Business/wells-fargo-workers-form-1st-union-us-megabank/story?id=105837002

Anyone else stressed over workload?

Our team got cut in half and now we're taking on work from other teams to help with their projects. Talking to other people around the office, it seems like others are experiencing the same issues. I can't believe how obtuse senior leaders are... — read more 

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| 1660 views | | 8 replies (last January 9, 2024)
Post ID: @OP+1qtDjMxB

To my fellow laid off colleagues

Keep you head up...I landed a new job and started last week. Holy cow what a change in culture. Getting laid off and taking 2 months to recharge has been the best thing to happen to be in some time. I dont miss the disaster of a manager that I... — read more 

Quick Reminder

Just a quick reminder to take time off your Sunday to get ready for work tomorrow in the office. I hope you're already seeing the full benefits of working in the office. Walt

The Truth Hurts

Look in the mirror. This is a for profit company. The reason you were terminated is because you were no longer profitable for the company. Get over it and move on.

Exit Survey! For real :)

So it is my last day today, I got a Glint Exit survey! Are you .... kidding me? this company and its culture is a joke, getting worse every day, sending an exit survey link to affected employees who lost their livelihood before the ugliest holiday... — read more 

Bonus for those laid off

Anyone know any details about this? Every time I’ve called in to HR they haven’t been able to answer when this will be paid out or how much. I’ve seen others comment it will be a flat percent or rate, is this true?

It's transfer day!

I transferred all of my assets (minus my 401K) out of Schwab today. Man, that felt good. So long Schwab and thanks for kicking me to the curb. I'm far better off without you than the reverse!

Resigning After Bonus?

Just curious, who is leaving after the March bonus and why? What are your plans for after you resign? Personally I'm considering it, likely going to just take some time off, and also return to school to finish my degree.

awarded options and medical..

What do we need to do with options that were awarded to us as prior key contributor awards before the company went all RSU? I think I read that they should be exercised within 3 months of termination. Can anyone with more knowledge help me... — read more 

Final Pay Listed in Workday

FYI – The are two final payslips (not severance) now listed in Schwab/Workday with a pay date of 1/5. I received two checks: 1) Regular pay for the period of 12/18 - 12/31 with the "standard" tax rate and deductions as set-up in Workday (Medical... — read more 

RTO I can’t believe my eyes

I knew RTO would be bad but I can’t believe the number of floaters you so called professionals are leaving in the toilets. And I’m the urinal? Unbelievable. I don’t care if you’re eating a hearty lunch of 12 chili cheese burritos, if you create a... — read more 

Schwab Talent Acquisition - Are You Kidding?

I just received an e-mail from Schwab Talent Acquisition suggesting I update my profile as I reach the end of my employment at the company (on 1/5). The e-mail also encouraged me to continue my career exploration at Schwab and to set up alerts for... — read more 

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