I found significant pay discrepancies between people on my team at the same level. More than 10%. Those who have been at the firm longer lag more even after promotions. I discovered that I was on the upper end of the pay band. And now, surprise- I... — read more 

Will there be more later this week?

Every single moment you spent at this company was a waste of your time. There is nothing you can do to change reality. Some of you have spent most of your life here. Believe it. Every single ounce of energy you put into this company was a waste of... — read more 

Please name your role/team

Do we know where we're at now? How many are left to lay off?

Any idea?

Here are some posts from earlier today that got burried in the second page: Impacted- 57 IC within CRM (1st/2nd LOD) Post ID: @OP+1plCO04j Done! Was laid off this morning. Was expecting it but still a jolt. Last day is Jan 5th. Eligible for year... — read more 

If you got laid off, will your RSUs auto-vest? Can’t seem to get a direct answer.

Please say what team you were on/position you had. Was it client facing?

There is an article out here at RIABIZ https://riabiz.com/a/2023/10/30/with-the-swiftness-of-a-lightning-strike-charles-schwab-corp-fires-as-many-as-2000-employees-with-no-public-announcement-affecting-legacy-schwab-as-well-as-td-ameritrade-staffers... — read more 

Branch FC laid off after they said no one in client facing roles would be impacted. Legacy green. I’m glad to be out of the toxic branch I worked in selling mediocre products.

The survivors move on. The ones cut move on, and go on tombigger ans better things, while getting some moce cash in the bank. Hard day. But it finally is pver, whch what most of us wanted.

I’ve been through a few stages of grief today. In the morning I was surprised because I thought performance would help keep me at the firm. But then my Manager and MD were among the layoffs besides me. So I guess I can partly see how they can justify... — read more 

I am guessing ZERO! This whatbis called barking up the wrong tree.

Does anyone have a recommendation of an attorney that would look at this pro-bono? All of the older, experienced and talented employees with lots of institutional knowledge got sacked over people that have worked at Schwab under a year. I know... — read more 

Hope someone familiar with HR terms can answer. Since the end date is 01/05/2024, will I get any of new year benefit? Normally paycheck for 12/18-12/31 will be paid on 01/05/2024, it will contain my 401k contribution and company match plus $250 flat... — read more 

Any insight on non compete in the severence email ?

Does anyone know how many employees were let go?

Why do you think it’s over? The language in the email makes it seam like more is coming.

Remember, there’s tons of remote jobs out there. Don’t let management gaslight you into believing there aren’t. Apply for those jobs. Then work them both until RTO. First day of RTO, Sayonara! You owe this company nothing. — read more 

We have a Director, and few 59's Managers and Lead laidoff. AST Save is messed up, The bad thing ones who was laid off are very good and talented folks! This is BS how they plan to layoff talent and let all projects run by PM's

Having survived a bunch of these I can honestly say there are no survivors. None. Let go, retained… it does not matter. Those who left have the stress of managing their identity, finances and career. Those remaining have the stress of lost... — read more 

Per the president we received an email that the difficult conversations that had to be had were behind us, whatever that means, i havent been on the layoff list but our manager was let go. Sad day, expected with these types of mergers.

Never really was employee and client centered company. 7 years wasted.

Looks like the layoff meteor has made impact with the schwamily… Anyone know what the total size of the impact crater was? (How many people were let go)

The all clear email came out. It's over. Massive reorg is next. We'll likely hear about Walt stepping down soon as well, with Rick being named his replacement.

I got the axe today. That’s fine. I was a bit surprised since my last performance review was an exceeds and I got a discretionary mid-year key contributor award. Oh well. Anyone else know how performance did or didn’t feature in selection criteria?... — read more 

Fortunate to have been spared. Only know of one person who got axed and I’m sorry to see him go. Should be paying us more instead of laying people off. Our department is basically the resource desk for the whole of investor services. Train your... — read more 

The language says that you are only eligible if: Active in the plan on 12/31 - which we are since termination date is 01/05 And employed on the annual payment date in March - here is the catch

If so, how did it go.

I'll go first. STS here, got axed today, accomplished software engineer with hands on trading experience, stocks, futures, options. When applying at CS I had offers paying much more, but noooo, I had to be a hero and change the world, right? Took me... — read more 

I got axed first thing this a.m. - Paying through 1/5/24, and then Severance and Cobra lumpsum at like 2 weeks per year of service

Does that mean I’m underpaid? So the underpaid will stay stuck doing all the work. Merry Xmas and Happy New Year to us.

My team was largely unaffected and only a couple of people I knew were affected. I work IT non-customer facing and my team is still in process of intermingling blue and former green side people into one team. I feel horrible for everyone let go. I... — read more 

I dont know which inverted pyramid did they refer to . 75 percent of folks I heard and see here are all the 59's and lower . Are we missing something here ?

5 branch network in region got the axe mix of IC / FC

Anyone hear any impact in core/PCS/SPWS? Feeling anxious

I am actually devastated, I would've volunteered to go frankly. Half my team, not me. Sigh, if you are getting the severance, merry late christmas to you and godspeed