Does anyone have any insight on if there will be impact on SWA from the layoffs?

Heard a few things that hint at the re org happening in early November. Too much to assume that means layoffs gonna be right before it at end of October?

Our upper management keeps calling 2024 budget is not yet allowed for a while. any of y'all experiencing same?

I was told that those in the Omaha office were told to go home due to a gas leak. Can someone confirm? Is there anything else to consider in this?

WOW - what a hypocrite and a way to run/RUIN a company - all the EC members are id--t puppets!

My MD just put a 15-minute appt on my calendar in about two hours. He's never done anything like that. This is it.

For the past six months, I've been actively searching for a new job, but I must admit, the job market doesn't look promising at all. While there are some job openings and I have even received offers, the pay offered is significantly lower than what I... — read more 

Found a CNBC clip online where the hosts talked about they heard from credible inside sources that Walt was supposed to retire early this year. Then the SVB failed, then company stock took a giant sh-t so he postponed it. Any truth to this? Also... — read more 

Les Schwab guy is actually Walt. He’s tired of us all being honest about what’s going on and he’s trying to have us direct our anger elsewhere than at the company Regardless. I really hope it’s this week

So I need to preface this with I am a really cr-ppy person at money management and all that. Also, my I left my position for one outside of the company. Followed all the procedures. Background check. Even confirmed what day I would be giving my... — read more 

A lot of people I know have been checking the state WARN notices. Conveniently, Schwab hasn't popped up. Below is from the Department of Labor's WARN Act FAQ: "The WARN Act requires employers with 100 or more full-time employees (not counting... — read more 

Will be the subject of my "good bye" email.

One in case I am fired and one in case I quit. Honestly, I am out anyway. The only question is whether it's this month or a bit later.

Brace yourself for the layoffs week. Good luck to everyone at CS

Why the huge divide between 1-3 and 14-16? Why not keep 6 floors together? This EC, smh

Citi employees received their email regarding layoffs recently as part of its "reorganization." However, layoff talk had been going on for months prior. Same message delivered a little differently, but eerily familiar: 1) Working from top/down and... — read more 

I don’t give a Sh$T any longer

SEC form 4 filed on 10/4 for transfer of shares on 10/2. Every one marked director. None of them work for Schwab anymore. Maybe given shares as part of their severance?

Desire to have majority of this wrapped up by earnings on 10/16 Will roll through out the week with majority of convos done by 10/11

I connected with 4 companies so far ... no offers but talking. Q4 su-ks. Hope you have better luck.

Latest news they are recalling layoffs

Official speculation that this forum is officially speculative in all things not determined to be accurate nor false. There is only one way this truly gets factual and that is through the process of elimination. You now know because you are in the... — read more 

To those wondering what is going to happen and when, I think we can count on it happening before HR enrollment is finalized. Enrollment this year is a full month earlier than last year. Hardly seems coincidental. 10/25 is the enrollment close... — read more 

Join Simon Sinek in a quick TED Talk on the essence of effective leadership, a stark contrast to the chaos we are facing today. https://youtu.be/lmyZMtPVodo Let’s post other good leadership content!

apparently any leader (level unknown) with someone being laid off needs to attend a required "training" that basically is just CYA for the org to say they did it and prepared leaders to handle it. From what ive heard, this happens a few days before... — read more 

I work in the Lone Tree office and i noticed some people on the finance side (High net worth reps) that come in typically three days a week (Tuesday, Wednesday, Thursday) didn’t come in this week.

Even if he or she had all the insider info and decided to spill the beans, it would most likely be some twisted version of the truth or a flat-out lie. What we need to do instead of waiting for them to tell us what's going on is rely on good old... — read more 

These are amazing times, and we should appreciate what is happening to the economy. While we are thinking about layoffs spending time on this board, this is 100% what are leaders are thinking about. https://example.com/8zjx823c

Before all this cr-p with layoffs started? I don't think so. I don't think anybody thinks so. I believe they managed to ki-l morale, ki-l productivity, and pull a break on any progress that was being made. All thanks to their idiocy and... — read more 

Since there is no transparency from the EC about when layoffs will happen maybe we can use what we know to make deductions. Have there been any transfer of FTEs in and out of your teams? Have your team been providing or receiving knowledge... — read more 

Title says it all.

You heard it right, they won't happen on a Thursday. Finally one correct prediction.

Who else is tired of hearing Take Care Of Self in this whole process?

https://www.linkedin.com/pulse/impact-schwab-layoffs-financial-industry-what-expect-eddie-starr/?trk=article-ssr-frontend-pulse_more-articles_related-content-card There are not enough barfing and Pinocchio emojis in the world …….. per the article... — read more 

Are they going to send out a mass email "hey we fired a bunch of people. It's done."

Usually, if I don’t have a lunch meeting, I designate most of an hour from noon to 1pm to learning something related to my role. But for some reason today for the first time, I just couldn’t do it. I watched an episode of my favorite comedy show... — read more 

As I think out loud. How did I get into this f--ked position, working in this terrible I&O organization at this terrible company? I just wanted to do what I loved. Tech at a Financial Services company. When I started 5 years ago, I thought I had... — read more 

Not today, because it is a Wednesday.

Thanks Schwab for paying me for my daily movie fix while I wait for you to lay me off.

Walt thanks for laying us off before the holidays. Enjoy your 20 million dollar bonus why we explain to our kids why we can’t afford anything this year