I’m looking for a new job, I just found out I am pregnant and the upcoming layoffs have me worried now. Ugh

https://www.northjersey.com/story/money/workplace/2023/11/10/charles-schwab-layoffs-coming-to-jersey-city/71528141007/

You didn’t own your tomorrow, your tomorrow owned you

Don't stay at Schwab if you're unhappy. I've been looking for a little over a month and I already got two offers. I'm still debating what to do, but I know I'm not staying here much longer. Just having the option to leave has had a positive impact on... — read more 

Do we still get severance if we get a new role at Schwab after 1/5? It is weird that they almost punish you on severance of you go back to the Schwab.

Good luck to anyone who still believes in Charles Schwab. You will be replaced when AI and foreign workers are up to speed.

It’s confirmed there are a few hundred more employees than there are available seats in Orlando, rumor has it they will be implementing desk sharing (gross). Has anyone else heard this rumor? Anyone in leadership here who can confirm?

I could probably make peace with the layoffs and move on. However, a part of me is infuriated for the fact that those favored by domain MDs and senior leaders have retained positions (some deserving and many not deserving). These so called false... — read more 

No explanation needed Title says it all...

I resigned without notice and so happy I did! It’s all going down hill from here. I didn’t want to be part of the titanic.

I’ve been job hunting for 6 months now. Started as soon as the layoff announcement came out. It’s been insane. I’ve sent out hundreds of applications and gotten literally 4 interviews and then never heard back or was told the roles were cut (for... — read more 

One thing I never heard from leadership was how many hours a day was required for those 3-4 days a week. So go in a couple of hours and work the rest from home. Start your day at home, eat lunch, then go in a few hours and come home before rush hour... — read more 

An hour meeting to say nothing at all and got fidgety when asked if anymore layoffs are ahead. "We don't know what the future holds" Perfect example of what's wrong with Schwab leadership. So disconnected from their employees, poor communication... — read more 

I've noticed that most of the folks I work with are no longer satisfied with their jobs. It feels like the only thing we talk about lately that is not work-related is how each of our job searches is going. This was never true before. It's depressing... — read more 

RTO in Jan I am required to go into the office and join calls on Teams. I am the only one in my team going in. I am working for 2 teams same pay. My Manager cold calls me during the weekends and micro-manages me. She even picked my seat and just sent... — read more 

You many not be able to claim unemployment with the severance pay. https://www.twc.texas.gov/programs/unemployment-benefits/how-money-other-sources-can-affect-your-benefits

I'm just trying to provide a little motivation to those affected. I was laid off in October of 2020 during the first round, right after the merger was approved. It took a few months but I eventually landed doing the same work at another firm for 10%... — read more 

In my 2019 layoff, I noticed that they laid off a lot of older workers along with some younger workers in entry level jobs that were basically on written warning for d-mb sh-t, like calling in hungover every Monday. They know what they’re doing... — read more 

I made a mistake. I know there's no use crying over spilled milk but I can't help but look back and think how much better off I would have been had I not rushed to accept a better paid job. My old company had no layoffs since I came here. The friends... — read more 

Make sure that if you are going to sign the severance agreement electronically, you select Yes twice in the drop down. The first selection is electronic consent and the second selection of Yes is the actual electronic signature. If you don’t do both... — read more 

To my fellow colleagues who got laid off, I received an email from the separation resource site to sign the severance document. On a quick scan, it basically says you won’t initiate or participate in any legal actions against the company and if you... — read more 

Better to chill here for sometime. Unlikely to have another layoff. Feeling safe for now.

There is irony in companies forcing their employees back to the office after four years. Anecdotal evidence shows a few friends who had been working from home for years before Covid began growing a bit tired of the WFH life after about three years... — read more 

Did anyone follow the instructions for logging into Workday and have it work? on hold with MyHr and I'm guessing I will be on for a long time. I hope someone has information that can help.

It'll be so much easier when the next round starts if you already have a few irons in the fire. And we all know that another round is coming.

I started tracking on 8/2 The difference on 11/3 when Workday caught up was Employees - 2409 Contractors - 1485 Total - 3901 Today 11/6 Employees- 2723 Contractors- 1501 Total - 4231 Total employment on 8/2 was 48181. Thus, there is ~8.8%... — read more 

Especially knowing that, most likely, more will be coming sometime down the road, whether it's in three, six, or twelve months.

From "LHH" claiming to be "Charles Schwab Benefit: Career Services". It's easy to accidentally open junk while stressed.

If you get a job right away, like under the 2 months that you're still technically an employee, will that risk your severance not being paid out? Or your bonuses?

I’m sorry for all the people who were laid off this week. I hope everyone realizes though that IT DOES NOT MATTER if you are loyal to a company. They are NOT loyal to you. I actually like Schwab because they’ve been a lot better to work for than... — read more 

NEW YORK TIMES BESTSELLER YOU'RE FIRED-NOW WHAT? INVESTING FOR THE SECOND HALF OF YOUR LIFE CHARLES R. SCHWAB

I know many are planning to quit soon and to let their managers know exactly why they're leaving. Don't do that. They won't care. You won't achieve anything other than burn a bridge. I know nobody leaves planning to return, but you never know what... — read more 

https://riabiz.com/a/2023/11/3/schwab-2000-layoff-aftershocks-roil-the-industry-as-its-revealed-top-tech-talent-led-by-widely-regarded-veteran-kartik-srinivasan-were-axed-raising-questions-about-future-of-schwab-innovation

Seen on LinkedIn: “So many talented colleagues left as part of the workforce reduction“ There is a time for passive language but when a company lays you off it needs to be stated as such.

I'm going to use the "A Message From" email template when I give my two weeks and I'm going to write in the sugarcoated touchy feely way our "leaders" communicate with. Gonna be funny.

Why are there always technical issues at Schwab?

To get money from Schwab such as lunch penalties or unpaid OT?

All of the senior members of this company have lost any little respect I had for them. Hearing from old friends The process took nobody's previous accomplishments ratings into account. The highest ranked performers cut by robotic management teams... — read more 

BIG BLUE BUTTON: See only active posts. For new folks here, there is a large "ACTIVE" button right above the first thread... you can use it to see what posts had recent replies. That's all from me. Anyhow, I hope this helps someone. Good luck... — read more