Jerome Powell started raising rates to combat inflation in March 2022. In his September 21, 2022, press conference, Jerome Powell clarified that the Federal Reserve would continue raising interest rates until inflation is back down to its 2%... — read more 

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I am in little bit worry about maintaining visa status, we will be on payroll till Dec 31st, so that we have another 60 days to get new job? Is that correct?

Many of us were hired across the country, no centers near us. Looks like our Director and two up from them was in the meeting this weekend … are we needing to be concerned even if we are client facing? Anyone know about our group at all… think I’ll... — read more 

Almost there folks. Almost there. I am on the list and headed out the door in about 12 hours. I know many of us are and I want to remind you that you are worth something. This does not define you. No corporation defines you. You own your... — read more 

From what I'm seeing online, it seems that the tax treatment for lump sum severances can vary, depending on whether the payment is treated like regular wages or supplemental wages. Regular wages get taxed according to your W4, but supplemental wages... — read more 

Under CRO - 1st and 2nd line of risks… any rumors? Even though we’ll find out tomorrow

Has anyone heard what kind of impact SWA will experience from the layoffs?

Select your circumstance and may you get what you would prefer.

If you've been through this before, what script can you expect from your manager?

All of us should be confident in ourselves to get the next role. If you get the Monday meeting, vaya con dios. You just won the Schwlottery.

Layoffs and reorg have usually gone hand in hand at Schwab so I am not sure why everyone thinks because there is a meeting that it just means layoffs. Walt has already said there is going to be reorg, so you might be laid off, or maybe just regor'd... — read more 

CEO, CIO, CTO, CXOs mistake and little guys pay for it. Who is responsible for financial missteps. Don't they deserve to go first and publicly shamed for decisions? Leadership mistakes, financial mismanagement and Govt shutdowns and little guys... — read more 

60 PL (WAM) here. I fully expect Monday to be my last day, but nothing is scheduled yet. Did your Monday schedule change somehow with any "Catch up" or the like meetings?

Annual Enrollment should be extended until after the layoffs. That will help families decide what to do for next year.

Or are you supposed to find out the day of?

I received my "meeting" for Monday morning at 8:30 CST. Its all good and expected with the current company health. It is all OK! You are going to be OK as well. There are some crazy things going on in the world right now and this is a small... — read more 

Whatever happens this week or later, it is going to be what it is. It is going to su-k on many levels. Even for those who don’t get laid off. So like others have said, we can choose to stay positive and move forward, whatever that means for each of... — read more 

How do you think you’ll respond to getting laid off and a scripted dialogue coming from your PL? I think now that I know it’s happening, if I’m impacted, I’ll probably be stoic about it and really just try and not not be confrontational or angry... — read more 

59 PL here, that has NOT been in any of the meetings... On the eve of the eve at the end of all this, it is what it is and I truly believe that those who are let go, myself more than likely included, will ALL land well upon their feet doing... — read more 

Leadership Failures Leading to Layoffs: Schwab faces the harsh reality of implementing layoffs due to leadership failures: poor strategic decision-making, lack of adaptability in changing markets, and insufficient contingency planning. The EC at the... — read more 

His Teams status just turned green. Will let you guys know when it is in "In Meeting" mode.

Thanks for 3 months of Fight or Flight anxiety Thanks for creating an atmosphere of anxiety and insecurity Thanks for driving good people out of this company and driving morale into an abyss Thanks for not understanding interest rate risk Thanks for... — read more 

I understand the anxiety and frustration everyone has. If there is a bright side, think about how many people have left on their own for greener grass, then realized they made a huge mistake and came back for the amazing culture? You don't need the... — read more 

So let me get this straight… Schwab “leadership” is having HR (some of the lowest paid employees at Schwab) work Saturday and Sunday right before a major family holiday because they (the highest paid employees at Schwab) failed to execute a timely... — read more 

Schwalloween Indeed!!! Report this and delete this! Please post the updates from weekend meeting here.

Anyone know how layoffs are determined?

Monday over 2100 people are being let go and then we get to dial in to all hands meetings to hear them tell us how great of a job we've done with the transition and how difficult this year has been for so many. And next we get to learn about yet... — read more 

Not that it’s easy to decipher the truth on here any longer but does anyone know what the expected impact will be (#’s) Schwab: TDA: Sounds like there will be impact for client facing / branch low performers

I recently joined Schwab a year back and thought very highly of the firm, but the way it is handling the layoffs plus the mangers that I worked with, I don’t think it is a great firm anymore. There is som many hierarchy here and sometimes I feel like... — read more 

This is how you can confirm: Add your directors and managing directors to the invite list. Don't be shy - add a bunch. Click on "Scheduling Assistant". Find someone that is stupid enough to share a calendar. Go on, don't be shy now Look... — read more 

All of my directors in charge of client facing phone reps have the same secret meeting except one. I guess she is getting laid off too. What another lie from the EC

Was the optional HR meeting invite for this weekend sent to ALL PL’s? Or just those who dept is impacted?

Saturday and Sunday directors and MDs have a meeting invite from 1:00PM - 4:00 PM CT entitled "Optional: Live HR Support for Managers". Based on this, there's no way that this isn't happening Monday or Tuesday at the latest.

So is it the 2 months PLUS the minimum for job level?

It sounds like next week, is it. Wishing each of you strength and dignity as we navigate this change. Let's support one another and face this challenge with unity.

My wife just lost her job today now I might get laid off next week. I hate this place

For the vast majority, if you’re being laid off you’ll be told on Monday morning. If your direct leader is not being impacted but also wasn’t part of the NDA group, they’ll receive confirmation of who they’re to lay off (“the list”) today and will be... — read more 

That's it. That's the post.

So nice to login today to the latest At Schwab bullsh-t “news” highlighting another topic nobody cares about. How they have the nerve to even use the word empathy at this time is appalling.