I joined about two years ago, entry level. I am on the IT side and I have a strong reason to believe I'll be cut (if this layoff ever arrives). The relationship with the manager has been damaged beyond repair and this torture for both the manager and... — read more 

We should start communicating like our fearless leaders, imagine if only we communicated like them. Bosses: Hey, where is the delivery. Us: I will deliver (don't ask me for any dates), stay tuned. Do you think they will keep us in our jobs?... — read more 

For a number of days we have been hearing rumors of a potential layoff date. Day after day we have come to realize that those rumors have been false. They have been working to divide and conquer us but we will not move. We will not budge nor will we... — read more 

At this point, it can be 10/19, 10/31 or anything before 12/31. Why are we speculating?

Is this happening tomorrow or not?!?

Everyone admits that people who know the date and level of impact are not sharing because of the NDA. What makes this NDA unique vs other company news that people are sharing supposedly with existing knowledge? Don't we all risk being fired for... — read more 

Walt goes live on CNBC at 11am ET, curious what the topic is (guessing it’s just earnings…) but starting a thread to go over the info he speaks on… I would imagine the workforce would hear about layoffs before he announces it to the world, but you... — read more 

I was planning to put in my notice back in July, and then layoffs were announced. I decided to wait because my role is highly likely to be cut and obviously I don’t want to miss out on a juicy severance package. I did not expect that I would be here... — read more 

Can anyone explain what Impact is (I keep reading it's happening week of Oct 23) and somehow is related to layoffs. And why layoffs should happen by the end of the pay period? I do remember a town hall or something where EC (Walt I think) ensure that... — read more 

To earnings, and either news of layoffs, or no news at all.

On a scale of 0-10 with zero being no trust at all rate your trust in our executive council and why. I’ll go first, I give them a 1. I believe they lied to us about the reasonings for return to office. Walt said he had the stats but never went over... — read more 

Good thread, one line in particular is the most logical explanation for the 'delay' https://twitter.com/burgesschats/status/1713502409433985406?t=4ZbuotuLYwoLUQ7RLFKxxw&s=19 Just remember none of this has anything to do with employees, culture... — read more 

What was shared in the HR training on Friday?

https://www.bloomberg.com/news/articles/2023-10-13/citi-s-fraser-to-remove-five-management-layers-in-reorganization#xj4y7vzkg Citigroup also convened a meeting of its managing directors on Wednesday, according to two sources familiar with the... — read more 

Let’s put an end to the rioting around Oct 17, because that is not the correct time period for layoffs. Do not go into your weekend worried that Tuesday is your doomsday. You will have longer than that, but not by much.

Did you guys have the meeting yet? What did training cover?

I'm a transplant from TD and just about everything here is markedly worse. The training, the tools, the expectations are all stress-inducing to say the least. I am honestly baffled that there are intentions to reduce the workforce, because there are... — read more 

Remember to use up your Schwab charitable match funding before layoffs start next week (or whenever). Keyword: Benevity or Schwab Giving This is one of the very few good things Schwab does - they will match charitable contributions up to $1000/yr... — read more 

Having to worry about layoffs 24/7? How did we get here? Who is responsible?

Kidding, would you fire yourself from a million dollar+ compensation?? LOL

I watched this video on YouTube and really felt sad.. I know it is not directly related to us, but I feel like posting it here. https://youtu.be/Q0jhwLkRxBc?si=aqRTNpPesWGx47M9 . How corporate greed is ki-ling the American middle class. It is really... — read more 

While some departments are without work, multiple Ops team are drowning. Without OT getting out of these backlogs seems damn near impossible. Telling people to “work smarter” will not ease the load. Make a decision, get it done and allow people to... — read more 

Reasoning: Nov 1st is exactly 60 days from Dec 31. Schwab is looking to allow affected employees to receive bonus in severance. In order to receive bonus, employees must be “employed” on Dec 31. WARN period is 60 days.

The big layoff in 2019, there were rumors for a month. An announcement a week before and then the cut. Aug 1 speculation. September 10 announcement. September 17th cut. https://www.thelayoff.com/t/VTCKZ1i https://www.thelayoff.com/t/10YNuXSA This... — read more 

After layoffs and reorg, I have this gut feeling that T&D (currently in SBM) will end up under I&O. Anyone have anything more concrete?

seems like most good threads get buried. bringing this back up to the top. highlights from previous threads about this... certain org PL's getting pulled into long meetings friday (13 october) expected announcement on earnings call monday (16... — read more 

Some of your peers were let go 6 months ago today. have you cheked on them? How ironic it would be if layoffs happened today.

Does the lease to the Orlando 1958 Building expire in 2025? Or has it been extended? Surprisingly it was not listed in part of their real estate plans. Thoughts on this?

Realistically though? How many total jobs do we think will be cut?

Don't delude yourself into believing you are safe for whatever reason. I've said this before and I'll say it again: layoffs are not about cutting the underperformers and saving those who work hard or who have the most experience or who might be the... — read more 

Is there any reason to actually believe layoffs/reorg is postponed until mid November? I'm seeing that in a few posts, but that just feels ridiculous. For those who've suggested it, can you elaborate why you believe it would hapoen layer than the... — read more 

What’s new? Is this a “safe” zone?

Can we form a Union?

Any one else find out their new cube assignment yesterday?

All Phoenix employees just received an invite to EC Roundtable on November 14...should be interesting. If anything, I guess it can be guaranteed layoffs & reorg happen before then. My leadership has also said that layoffs will be a mixture of... — read more 

Earlier today I was asked to provide a list of projects I’m working on for a “realignment initiative” with the larger org. It might be legit but I can’t help thinking I’m on the chopping block.

heard it that random HR folks are being "tasked" with extra duties. Basically, answering questions and tickets employees have about "changes coming". they are getting some training on how to handle the questions this coming friday... has anyone... — read more 

Let’s play a game called “Here’s the most id--tic thing I heard a Schwab senior leader say”. Feel free to attribute it to someone directly or not. Your call.

HIGHLY doubtful anything comes of it, but if anything, anything at all productive happens I will post. $TPST