We all know training has happened for mds and then all notifying managers. Next step notifying managers receive the names... Guessing that will happen today if layoffs are Monday or Monday if layoffs are Tuesday. Either way we all know we are... — read more 

Barely slept. Stomach in knots. Hoping todays the day so I can finally know and process. If not today let it be Monday or Tuesday please. Harder to deal with anxiety and uncertainty every passing minute.

Now that we’re all still mostly remote, what is the most proper way to say goodbye to teammates? I still want to be professional and keep my dignity, even if I’ll probably feel ashamed when it happens. Do I send out a mass email and BCC people? What... — read more 

Tomorrow? Monday? Tuesday? Or 11/3 Friday after bonus payout? Sick of waiting. But let’s wait some more because Rick or whoever said all we can do is control what we can control. This won’t impact ECs. They don’t live paycheck to paycheck. Even if... — read more 

(Forbes 10/26/23) -- The top banks in the United States have been quietly cutting 20,000 employees throughout 2023, and more job losses are coming, according to CNBC. The layoffs on Wall Street are a worrisome sign of the continuing broader economic... — read more 

I've been having this sneaking suspicion that those that are going to be closing out TDA are likely going to be the ones, out of the alleged small percent of employees that were on top of the inverse pyramid that keeps getting mentioned by Schwab, as... — read more 

Do you thing teams that have open reqs can still be impacted? I’m thinking if this is being decided by third party consultants no one is safe from layoffs. Am I right with those thoughts? Or do you think these third party consultants remove... — read more 

What would it be (profanity, sarcasm, humor, and haiku welcome) For me it would be: Do you plan to take a pay cut and accept a 0% bonus and stock grant in solidarity with the 10% you terminated. Frankly, any exec who uses the term ‘expense event’... — read more 

layoffs are just the start. i am significantly more anxious for the re-org. there is a lot more too that then just shuffling some teams. with the way layoffs and RTO has been bungled? this is going to be a spectacular mess... first: leaders will be... — read more 

Here's what I've pulled together from threads on the Layoff, official communications from Schwab, the Fall Corporate Update and stuff I'm hearing in conversations with leadership. Layoffs happening in Q4 this year and again in 2024. Layoffs... — read more 

Whether I am laid off or not, I don't plan to stay at Schwab. This whole ordeal has been handled so poorly that it has snuffed out any desire I might have had to continue working here. The only reason why I'm still here is that I'm still waiting for... — read more 

I sure hope we get that G-note in November. Can surely use that.

Should we wear all black Monday?

I see this on a Director’s calendar. Have a look yourself to see if those PLs in your org are invited. Don’t know what it means, but simply reporting facts.

https://www.youtube.com/watch?v=AiOUojVd6xQ This gives me confidence about our layoffs if led by a consulting firm :)

She calls out to the man on the WALT street "Sir, can you help me? It's crickets and I've nowhere to go Is there something you can tell me?" He walks on, doesn't look back He pretends he can't hear her Starts to whistle as he crosses the street Seems... — read more 

Drawn-out layoffs are a sign of sadistic leadership. We hit a jackpot with both.

Will the exit package be the same as what is listed on the intragoogles? Hmmmm.

I'm praying this is true and we'll know tomorrow.

Directors with at least one impacted employee are currently on a call receiving training on how to lay someone off.

There are plenty of articles out there that are shedding additional light on the criteria for what led to these layoffs. Schwab has stated that the layoff would only effect roughly 1000 employees and the rest would be real estate. But the math aint... — read more 

Not because they suddenly decided that we are an invaluable asset that should be treated as such, but because they've dragged this long enough that maybe enough people quit negating the need for cuts. They created a horrible and unhealthy work... — read more 

here is a new thread for anything you might have heard from a peer, in a meeting , in passing, or in a meeting, from your leader, or in a meeting....share it here!

I just wanted to post this before the crazy starts… If we crossed paths at Schwab, it was a pleasure working with most of you; The others need to get some professional help. 😂🤣 Regardless of who you are, take care and good luck to those who... — read more 

https://www.businessinsider.com/stephen-schwarzman-accused-remote-workers-of-not-working-hard-2023-10 Make you wonder about the EC and the thousands who successfully drove the largest finserv merger ever while working remote.

The silence on layoffs is totally tone deaf, besides everything else in that "update". They know this is on the top mind for all employees, and not even mentioning it is sad. At least they can say a few words like we still working on it, we know this... — read more 

With discussions happening tomorrow, any one hearing about this?

Yes, what a timing and topic for the CTO FORUM today " ZERO TRUST". Do you all sense a hidden reason behind that topic?

As the title says, this is a purely speculative post with what i have heard in regards to the potential date. not an MD, not under NDA, just someone who has heard some things that makes sense...although, nothing makes sense... Recent convo with... — read more 

If you got a Private Appointment email with verbiage like ‘…please do not share this with others’ that is set for tomorrow you are likely …. safe? If you didn’t, you are likely …. gone? I got it, three people I know didn’t. IM’d my MD, … crickets... — read more 

I'll be honest with you, if I had to choose between having to RTO and being laid off, I'd happily choose the door. I worry much more about that than layoffs.

The layoffs numbers are far more than we expected in excess of 10%

for managers and up..do we think any real info will be shared or will it be a verbatim echo of the earnings call last week? or will they tell us how great we all are?

Confidential information on organizational update posted late Friday. Good luck this week.

Other than brown-nosing, that is.

Don't give them what they want. We lost a great team member last week because he was so tired of it all. I think he made a huge mistake. He's good enough to find a new job whenever he wants and if he had waited a bit longer, he could have walked away... — read more 

Especially those talking about 10/24. Interesting…

When you get laid off you are told you can reapply in the future. This helps the company save money because you don’t have to be re-trained or forge new relationships. Apparently Meta and other tech companies are having problems because not enough... — read more 

And upper management. They have NO loyalty to you. Answer 1 or a 5, they have NO accountability. At the 11/16 EC Townhall ask the EC how they will address the EC Glint question. No one will ask and none of the EC will answer. It’s a throw away... — read more 

This gets under my skin... if things are so bad that travel is banned and positions are eliminated, why are we giving away money?