Topics regarding layoffs at Charles Schwab Corp.

Topics regarding layoffs at Charles Schwab Corp.

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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| 1430 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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| 1700 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 

Layoff 2024?

I had heard, around the time of the last series of layoffs, that there will be another round in 2024. Has any information started disseminating about it yet? Do you know which sectors / jobs will be targeted this time? Honestly, I think this... — read more 

Also, the grass is green and the water is wet

2023 layoffs will continue to affect employee morale in 2024, economist says 2023 was a year of layoffs. Over 305,000 U.S. workers were laid off over the year in a series of mass layoffs that started most notably with tech companies, but then... — read more 

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| 870 views | | no replies yet
Post ID: @OP+1qp9iakI

is LHH Services good for technologists?

Have you guys used the LHH services? I submitted my resume as a dev there but they seem to be yet another job board with the same job postings as on Indeed. They claim to have access to some private network of managers or something but I haven't seen... — read more 

Someone please remind me why RTO is GOOD for us?

Every time I take even more than 10 seconds to think about it I just get angry. Walt made some comment in a town hall that they internally have the data that shows "we" are more productive in the office, but of course didn't share these... — read more 

Work Related Expense

Is it too late to get reimbursed for the desk I bought for work from home? I also had to get a pretty long Ethernet cable.

Done with this place

What a horrible week. Tech issues even after being overworked already. On top of that we have to know two trading systems and platforms. F leadership and Walt

by
| 1830 views | | 3 replies (last January 1, 2024)
Post ID: @OP+1qk2zvOf

FMLA/WFH Accommodation

My wife recently had a new baby who has unfortunately struggled with medical issues, my previous attempt at a WFH exception was shot down immediately without a second thought. I now have doctor's notes, other medical documentation, etc. recommending... — read more 

Final Paycheck and Lump Sum Pay (For those who were impacted)

Termination date set to January 5th, I believe our January 5th paycheck is a full paycheck as it covers time period of up to December 29th, then the lump sum, Floating and PTO pay on January 18th paycheck, am I correct about this calculation?

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