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 

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