I could deal with layoffs if the leadership cut the fat where it is actually occurring instead of laying off key people from crucial roles in an attempt to boost profitability. The first option would make a positive difference, the one they are... — read more 

I contacted HR as I was not able to login to my separation website, did not hear back anything. sent the laptop back on time as I received the package on time. But signed the severance on 26th dec instead of 21 dec as I was on a trip where I did not... — read more 

Any common ones or any that want people from Schwab? Asking for me as I've been applying to hundreds of places for six months to no avail.

Any know if they are approving mental health time off? I heard we can take 2 weeks completely independent of sick time.

For those laid off and to receive bonus payout.. do you have to be employed through 12/31 or through the notice period end date 1/5 to qualify?

My team has an open position after someone quit and MD says will not be filled due to upcoming layoffs. Anyone else hear anything about this? Just bought a home so this is concerning.

I just got back from travel and saw that I had a box from Schwab sitting on my porch to return the laptop. Going to take care of that asap. But does this mean I will lose severance?

Instead of having my plan vacation time honored I’ll have to call in sick on Tuesday. Even though my manager and his VP are taking the full week off. There isn’t a single thing the CS&S leaders ask us to do that they are willing to do themselves. — read more 

I heard you can gift sick hours to other employees. How do we do this? I feel like if I ask my manager they will catch on and realize I am leaving. I would rather have it go to people that deserve it and not the pool for people on maternity leave.

Team Name : Tools Way forward: - Audit there project and spending Result would be: They give less output compared to what they take in input; EC will have a lot of deadwoods presented as experts and clean up the mess. Yes, I do not like the tools... — read more 

lousy, incompetent management complete lack of transparency management saying one thing then doing the complete opposite horrible work culture - constant layoffs that keep people afraid and unable to concentrate on their work ... — read more 

Everyone let go on 30 Oct will be entitled to the bonus. The amount is to be determined and will be paid in March. Bonus payments to dismissed and retired employees are generally the fixed amount from a separate fund. This means bonuses are flat... — read more 

Anyone get fired after the layoffs? Did those employees get severances? I know people who have been fired for ridiculous reasons post layoffs at Schwab and did not receive severance. Seems illegal.

Charles Schwab is pulling credit reports on employees who have not had a change in job function or reported any changes to their u4. The reason given for the pull was "new job". This is not true. Why is Schwab pulling credit reports on current... — read more 

What do we need to know that isn’t spelled out on MyHR, in order to keep full bonus, vested RSUs?

Anyone planning to just not show up? How long until they fire you?

when debug AI , you find definition AI = Actually India

What?!

My God everyone in STS is stretched out to the max. Teams are being asked to do more at 70% to 50% capacity. My team lost half of our engineers and the workload keeps getting worse. We were told today no more overtime but we have to work more than 40... — read more 

Schwab is now monitoring your keystrokes. It's astounding how quickly the culture has been ruined at Schwab

Can anyone advise from personal experience (no guessing, please) on how Schwab handles voluntary terminations? My plan is to stay until Jan 19th because I want to ensure I receive my wellness bonus and annual HSA contributions which will be paid out... — read more 

This rant post, just curios why we keeping tools team, it seem to den to far left people. who knows how to put blame on others , and waste time. There desi contractor are another problem point in the team. I am only one see this or there are other... — read more 

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