What are the chances?

Was severance exactly as detailed in the myHR article?

I didn't think I was on the chopping block.

What in the world is the EC thinking? We lost some of the very best best best in UX today. They got the wrong people!

First time being laid off (it’s ok I knew it was coming.) My manager did the deed but told me to call hr for any questions. HR was about as clear as mud. Can anyone help me understand this. My warn period starts next week, my last day is a while out... — read more 

Were the people laid off on the blue side, originally from green? or were they legacy blue to begin with? seems like mixed signals in these threads about it I'm being told that the blue side that were laid off were originally from green as the goal... — read more 

Based on some reliable sources, all of the layoff communications for this year is completed. Around 2k was let go.

I had a meeting put on my calendar earlier in the morning with an MD, about 3 hrs before. It was a quick but good conversation. I’m still waiting on details in an email. Good luck everyone! I’m just relieved to know and can now focus my time on a job... — read more 

Was laid off this morning. Was expecting it but still a jolt. Last day is Jan 5th. Eligible for year end bonus. Severance paid after Jan 5th.

Affected are branch FCs as well I am hearing

So far all the folks I've seen let go have been legacy blue. Coincidence??

There was very little impact in the PIE org today and I'm wondering if it's done or if there may be more layoffs tomorrow or Wednesday.

I think** ... In teams, if a person's status is unknown, then they have received notice. Just a pattern I am seeing with people confirmed gone. I think it takes a few hours to propagate into teams but the pattern is consistent.

Show your support for your impacted team members and write a well-crafted and personalized review on their LinkedIn profiles. Focus on details of all the great things they did over the years, and send it without them asking. Do them a solid in their... — read more 

We’ve lost a lot of good people today… Some of these moves don’t make any sense to me, farewell emails from people I least suspected. I’m so sorry for all those impacted.

Does anyone know if fcs in the branches will be impacted? If so, any idea if it might be today or tomorrow?

Lots of folks in advisor services being let go. Including client facing leaders.

I know of about 10 associate and specialist-level devs from the NERD program who were laid off today across multiple orgs. So much for an "inverted pyramid", which we were told time and time again so we wouldn't worry about losing our jobs since we... — read more 

And for me that is the opposite of the news I was hoping to get today. However I am happy we at least got a notification vs nothing.

59 PL. No regrets. There are far better places to work. Good luck everyone!

Hi - Any idea if org chart reflects layoffs happening this week or will it get updated only after notice period is served and after last day

No meetings on calendar - just a Teams message and quick call. Notice period ends 1/5 so still on payroll until then

That's what all this wait has done to me. I'm honestly not sure at this moment if I want to pray not to be laid off or the opposite.

Are MDs and PLs instructed to have a departmental or team meeting to give a status update and tell everyone else that remains that it's all over for their group, for at least now? When do we get the short-term all-clear status? Assuming most groups... — read more 

See posts of people getting laid off, seems like it was tech and some business units. Any updates to this? Which teams were heavily effected? Noticing most were level 56+ Any idea of what is expected to happen in the next round of layoffs after... — read more 

My teammate just got laid off. May the odds be ever in your favor.

I doubt I would have been laid off, but even for the survivors, these times are never good. Schawb's toxic culture is the fault of clueless leadership from the very top down.

Post Org and Team and any details you can provide for other folks

59 PL Here - It is today! - STS PL and just got off the meeting.

Layoffs have officially begun in Move Money

I am not a people leader, but have gone through several layoffs, and know first hand how it went with colleagues and friends that were impacted. Generally, meeting requests went out the morning of, with very little notice. Exception is if your... — read more 

I hope it happens, but I won't be surprised if it doesn't.

Whatever happens tomorrow (more like today) I'm prepared for it. I won't be overjoyed if I'm laid off but I also won't be too heartbroken over it. If there is one good thing that came out of Schwab's disastrous handling of these layoffs, it's that... — read more 

Check your email- 15 min titled Quick Sync

If you really want to send a message voice your frustration on Glassdoor

Just got a message saying that my mobile iron device has been compromised. Does this mean that they have shut off my access already in anticipation of a notice tomorrow? Has anyone else gotten this message?

For stats on those impacted. Please post your grade and title, and if comfortable the area you are in. This could be broad like STS, or SWA or RPS for example.