Finally it’s confirmed that they will do it tomorrow. Good luck to everyone!

Can you be laid off if you’re on or plan on going on disability?

I am curious I have accounts in Fidelity and Vanguard that were there before I joined schwab. I had to move everything to schwab my wife's accounts, my personal accounts, my kids accounts etc. Does it make sense to move it back if I am laid off.

It was yesterday. Take it or leave it.

Is there a way to see how many employees we have at each major office?

Take it or leave it. I have a very reliable source that has confirmed Oct 10 as the date.

Employees affected by the move were instructed to move all of their personal belongings home before the 13th and to plan on working remotely that day. Then on Monday the 16th they will move into the office in their new location. From a logistical... — read more 

Title says it all.

Those who know are not going to risk leaking info. If/when the layoffs happen are anyone’s guess. But at this rate, the brand damage may be hard to repair.

Got off a call and the internal rumor/chatter is late October... to put end of Dec completing the 60 day period... and potentially allow bonuses to be awarded. Speculation of course but isn't that what this site is for? Just sending my thoughts... — read more 

Have a few questions. When you resign. You can obviously opt in for cobra. What about life insurance. Short term. Legal. Etc. I worked for another large financial firm and I was able to stay covered as long as I paid a premium Also I was... — read more 

I've heard from two different sources that Nov is the big lay off. I'm curious what not doing them before the earnings call is going to do to the stock price. Very glad I withdrew from ESPP. I know frustration isn't news but every day I care less and... — read more 

https://music.youtube.com/watch?v=FS8p_F0Stog&feature=shared If you are impacted and I’m not and are in Lone Tree - I’m wiling to start a group in the area and use every tactic to find the next role. I can create a Reddit or Discord group and get... — read more 

No money to pay for hard working employees but will pay to sponsor Jim Cramers Lightning Round segment. Unreal

Sweet Jesus let this hit tonight

Bob Slydell: Would you bear with me for just a second here. Peter Gibbons: OK. Bob Slydell: What if - and believe me this is hypothetical - but what if you were offered some kind of a stock option equity sharing program. Would that do anything for... — read more 

It feels like the walk through the haunted house. I am declining any 1:1s with my boss.

Can’t the EC do ANYTHING in a timely, efficient manner? Would it help if I posted my A? It’s A12345

Does maternity leave protect us from the layoff?

Boston consulting group is Thanos. They snap and half of everyone is gone on Halloween. Activators confirmed no Halloween event. Can’t think of a better way to go out. 29 days left lol

Anyone know if they are doing anything for national service week. I remember getting 15 minutes off the phones last year but don’t see anything on my schedule. It’s strange because they still have a snack cart. The company is cutting costs yet they... — read more 

Please post here when you are layed off. Just list: Org Title

It’s a given that a layoff is a bad situation. But the process of this one has been real bad. Announced months in advance. No date . No communication since then. Employees taking guesses. Mixed up with RTO changes and office messes. Employee mental... — read more 

How soon will related teams know that their partners are gone? How do we find out about friends that are let go? I've never been close to people impacted by layoffs and it just feels like it will be a total blur.

September 25 - 34,715 26 - 34,727 27 - 34,717 28 - 34,717 29 - 34,734 October 2 - 34,710

How many EC positions will be eliminated?

I know it hasn't been officially confirmed, but most of the chatter pointed to the first week of October as the most likely for layoffs. I did all I could think of, including sending out some applications. All I can do now is sit and wait to see... — read more 

Shareholders will like the layoffs, but the clients will quickly realize that this is not to their benefit. Wait times in branch are already too long and extended wait periods to get paperwork/cases processed will lead to significant customer... — read more 

When they start recruiting, no one will want to join Schwab after this fiasco.

Then the next and the next etc. until they make the call. I’d say it’s this Tuesday or next at the latest. But those that know are probably not posting on here because they are “safe”. And they are probably dog people who don’t like cats. — read more 

When do we get our parital bonuses, does anyone know?

The movie office space. And that cat guy poster may be into something.

Earlier this year I decided to look into roles outside the company, just to see what was out there. The job market was plentiful. I received several job offers for more money than I’m making now but held off due to the potential of a promotion. Now... — read more 

x% of my paycheck has gone towards ESPP since July. My intention was to sell the vested stock immediately for a short-term profit this time around. The date of purchase is October 31st. If I get laid off in the middle of October, what happens to that... — read more 

Every year there is a 'Customer Service Week' where people leaders (PLs) in service orgs or back office service orgs are expected to go out of their way to thank and appreciate their teams. This year that week is 10/2 - 10/6. We know all groups will... — read more 

If you’re laid off how quickly will you be closing those Schwab accounts you were forced to use and/or transfer outside investments into and how much (roughly) will you be moving? For me, I’ll be moving roughly $3 million within about a week. — read more 

I don't buy that managers don't know who's affected this close to layoffs. If you don't want to or can't share, then just say so, that's perfectly understandable. But I truly wish some of you would stop telling us something we all know is not true -... — read more 

What client facing positions would they eliminate? Would certain branches be safer than others due to branch asset size?

I had a few internal team things that happened today, but unfortunately I can't share those specifically. But two things came to my attention that the target week is 10.3, and specifically 10/3 as the day: Two governance review boards were... — read more 

Hopefully this call starts out with - the layoffs are done for the remainder of the year….