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.

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 

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 

Found on reddit: Today, my coworker and I (both in asset transfer services) got told we were being laid off effective immediately. Of course they tried to play it off that there were "things" I did that were wrong that was causing it. Hmm, yeah... — read more 

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 

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?

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 

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 

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 

lol, trying to drag us into the office four days in a row to “collaborate,” huh? i see you.

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 

What are your thoughts?

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?

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