Hmm is the restack at the Phx Peak showing either terrible timing (left hand doesn't know what the right is doing) or great timing (their desk is already packed...). Anyways, I'm either moving desks or moving out next Friday lol.

I have been working above my level more a long time now. I would have to struggle if I made a major life purchase on my current salary. Company can't promote me because "budget." I started applying back in July but jobs were limited. I am now seeing... — read more 

The geniuses in HR just purchased a multi million dollar ‘career development platform’ In the middle of cost cutting and layoffs. But hey, at least we have a machine that will suggest jobs for us to apply to and training to attend!

All the freezes are putting client experience in jeopardy. EC, you are clogging pipes that you don’t want to burst. I’m not posting because I want to leave, I’m posting so we can get help to the teams that need it. Open up recs, get contractors... — read more 

Maybe the EC, similar to the Duke brothers from Trading Places, bet $1.00 to see what would happen with this social experiment. Sigh.

“I have confidence in the executive leadership team (Schwab Executive Council).”

I think that is the whole point of this.

Layoffs will happen this year as stated in q2 earning call. Looks like CS is not behind saving every penny. Instead they want to complete the transition, wait a bit and then layoff people before the holiday season. They don’t really care to close... — read more 

there was a post on lay off process but can’t find it anymore. It is done by supervisor in one on one meeting. Is it done in a meeting at beginning of day or end of day? Will network access be terminated immediately or end of day?

Judging by the ever increasing ads showing up on this site, it must be one of the most active company pages.. and that’s not a compliment, EC. It’s a true schitt show.

November 6th it is! It will be immediately after the November TG. JW: Severance | It is not mandatory to give 60 day notice, they can change the severance plan at any time without advance notice. To pacify they may throw in the year-end bonus... — read more 

Title says it all. Go.

I'm wondering if this is an STS org thing (like a lot of the weird behavior I've seen in this company) or just specific to my manager.

smh but not surprised: https://riabiz.com/a/2023/10/7/fresh-wave-of-td-ameritrade-rias-are-speaking-out-30-days-after-schwab-advisor-services-merger-complaining-about-more-red-tape-and-problems-befalling-clients-stress-levels-high

Schwab isn't the same as it was five years ago. It isn't TDA. And folks are moving money. Some laid off may want to do the same. So where is better for customers? Where is better to work? Or is this article... — read more 

Schwab management not being transparent about what's going to happen and dragging its feet on getting this done is ki-ling morale. People are mentally drained and it's affecting productivity. I can't figure out why they would do this to us... — read more 

Here's the latest from RIABIz, which has good sources and pretty sharp analysis. ... — read more 

I'm a PL. I think I'm a good PL. Yesterday was Boss' Day. Normally it's a day that is fun and gives me energy. Reaffirms my love for my role as a PL. Yesterday, the only thing I heard was crickets. I feel my team views me now as in cahoots with... — read more 

if you don't know anything, stop posting fake dates! you are causing people unneeded stress! sit on a cactus!!!! i hope you stub your toe

I though it was so all the the severance payments happen this year but my accountant spouse says it can all be recognized right away. Are we holding onto false hope it will have to happen before 11/1 because of the 60 days?

https://fortune.com/2023/10/15/dropbox-ceo-remote-work-return-to-office/

As scary as it might seem as a possibility, it's not the end of the world. I was crushed both times I was laid off, but I landed on my feet rather quickly in each instance. And both times I ended up finding better jobs than the ones I lost. If you're... — read more 

Not much new, but did confirm the bonus eligibility for everyone laid off this year. That’s not a timing thing, that’s just doing the right thing.

If this doesn't get resolved this week, I'll have to start medicating. Which is not something I ever thought I'd have to do due to work.

i'd say acquired. maybe. not sure.

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.