I mean I'm here for health insurance and the money helps pay bills other than that I have no interest in listening to any All Hands meetings, I don't even read any emails, I don't respond to any Alerts. I pretty much write BS in my performance review... — read more 

I got laidoff, can I ask my old bosses to be references. I was rated well in my performance but not sure why I was laid off. Or will this be like shooting myself in the foot? Please help.

I resigned in protest. I did not want to associate myself with a company that made people wait for almost four months about the impending layoffs. They seriously caused a lot of people mental distress with the facilitation of their layoff ‘strategy’... — read more 

EC work your as--s off and make sure everyone is engaged and working hard and not slacking. Although I am out my money is still with Schwab. Don't mess it up during the holiday season! No slacking! Chop, chop!

Several meetings with MDs and one skip level with my MD’s boss in the last few weeks. The phrase ‘this is a great opportunity to step up’ is being used…a lot In a meeting with front line Managers and Senior Managers the phrase was used, a Senior... — read more 

Reps were supposed to be getting a bonus today but it wasn’t paid out. No word from the EC seems like we are hurting for money why aren’t you paying this out? No communication on it seems odd since they said they wanted to be more transparent after... — read more 

Title says it all.

I’ve been applying since RTO was announced and just got a role that pays 25% more, is remote and in fintech having a huge added RSU component that I’m not even counting right now. I immediately booked a long trip to a tropical island because I can... — read more 

Friends inside the firm that would be privy to this information are saying that as claims/pushback are starting to roll in from the layoffs, a pattern is emerging that older workers were disproportionately impacted and are beginning to air... — read more 

I’m always skeptical of 2nd/3rd hand info, so let me start by saying that this isn’t confirmed. I know another round of layoffs was also always likely However… my wife and I were at dinner with some friends last night and Schwab came up. Our friend... — read more 

If you know any of the folks who were laid off in the last round, do you know if they were able to find a new job by now? I'm a bit worried with the job market being what it is right now that finding a new position might not be as easy as it was a... — read more 

What if the 2000+ individuals that have recently been laid off from Charles Schwab were to move all their money and 401Ks to another banking firm? If the average of the accounts (many older individuals were let go) was $1M, it would be over a $2... — read more 

AI is coming in Q3 of next year to be a “support function” for front line/entry level reps. The thing is advanced and has already improved accuracy from 80 to 89%. I assume if things keep going the way they are they will dismantle many front line rep... — read more 

Yesterday an EC member was asked whether less stressed and happier employees contribute to better job performance and if leadership was reconsidering the firm's approach to RTO. He answered with a resounding "NO" followed by an explanation that... — read more 

https://www.northjersey.com/story/money/workplace/2023/11/10/charles-schwab-layoffs-coming-to-jersey-city/71528141007/ St Louis and San Diego on the chopping block as well?

I have decided to part ways shortly after the new year. I will lose a lot of money with RTO. And given the hiring freeze and possibility of more layoffs coming, I think it's best. In order to receive my bonus, do I need to be an employee up to when... — read more 

Another debt raise??? How much trouble is the company actually in?

I've been doing two jobs for the pay of one since the last round of layoffs. Getting severance and leaving this place behind would have been a much better deal.

My Dearest Firm, I have got to be honest in that nothing you say at this point can impact me in any way. This has gone on far too long. And to such extremes. I am numb to the tactic. Nothing you say or do can scare me or make me happy. You cannot... — read more 

Hiring freeze in place a/o today - email coming soon. Will it confirm the next round?

I know we cannot collect unemployment until after we are completely separated from Schwab at beginning of January but with getting a lump sum severance beginning of year will we still be able to file and collect unemployment? Have any of you already... — read more 

Has anyone started searching for insurance after the notification period ends? If so, any success you can share is appreciated.

Not for me - I’m turning in my two weeks notice tomorrow. Didn’t hit the golden ticket lottery, but still bailing off this dumpster fire. I’m going to miss quite a few people in my program, but RTO can KMA. Bye Chuck!!

Wishing you a joyful and peaceful Thanksgiving! May this day be filled with cherished moments spent alongside your family. Take a moment to appreciate the blessings you possess, knowing that others might not have the same. Embrace and treasure these... — read more 

Happy Thanksgiving EC for not managing the finances properly and laying off qualifies resource. Hope you all enjoy nice meals with your families.

Do we give to give our company schwag back if we got laid off or can we keep it?

It has been three weeks since the layoff. I am still here and thankful to have a job. Not thankful to Walt or Rick or even Boston Consulting Group. Thankful to God, the universe, myself, the Flying Spaghetti Monster or whatever else you might be... — read more 

Not just to layoffs, but to people being fed up and leaving?

Schwab has made sure to completely ki-l the holiday spirit in me.

I mean the severance package alone means you get paid through the holidays. It's practically a free vacation to spend time with family, no? After that, job hunting probably su-ks but I think most people would be able to find a new job within a... — read more 

Not sure what that 3rd layer of MDs really do. Still surprised that two layers is’t enough. STS still feels bloated in administrative areas, not really focused on a business app

What is wrong with your company anyways? Why do you treat people so poorly? Is it just me, or is there something seriously OFF with the culture there? I would not invest $1,000 with Schwab, let alone consider working there.

I am in good company!

If you were laid off, I highly recommend using the LHH resource provided to you ASAP. It's an incredible service which will keep you motivated and hopeful. I have actually started getting call backs for interviews! I was fairly disappointed in being... — read more 

What happens to group health coverage if decide to terminate early due to new job? I believe health coverage is still good through the end of month in which you terminate, right?

Holy sh-t. Could Schwab hire a less trained group of people? Why did we go through all these layoffs losing talented reps while these mo--ns are still on the phone!!!! They’re making my job so much harder than it needs to be

I just want to make sure, we are certain there will be no additional cuts this year, right?

Can somebody who was laid off reapply for a job at Schwab?

I've noticed that layoffs and the way the whole issue was handled have soured most employees on the company. At least this is my experience with the people I work with. Is this true throughout Schwab? How many people are now so disillusioned that... — read more 

I got laid off like so many and was honestly shocked and went through the stages of grief. But already had irons in the fire and one of them came through this week!! I will be starting in Jan and am taking my first real time off since graduating... — read more