We sniffed out Walt’s plan long ago. He does the layoffs and announces RTO then exits to stage left. Robot Rick then gets installed and they put all the blame on the previous EC. This was their plan all along

Smart money says second week, lot of confidence in first week. Saw a post that mentioned time for real estate to plan for the RTO… which makes sense but a lot of recent timing decisions don’t. So good logic? Biggest thing is the last conversion... — read more 

I'm sorry if this is a stupid question, but this is my number one worry.

What a mess. Katie is the absolute worst upper management I have ever seen. The layoff shpeel was eye rolling. And then she passes the mic to Clayton and Ryan and one would think the two have never publicly spoke in their lives. HR has the most... — read more 

CNBC clip link is below. — Unclear succession plans and problems with integrating TD Ameritrade are overwhelming some Schwab employees and contributing to low morale, sources tell @Kr00ney. https://twitter.com/cnbc/status/1707180569124274595

I've been rejecting a lot of connect requests thinking they are just scammers trying to look more legitimate by having people who actually work at the company with a credible reputation on LinkedIn being connected. Knowing this company though I can... — read more 

There were many modernization efforts since last 3 years to support the integration. With it coming to an end, the next year budget will be minimal to keep the lights on. Do not expect to be part of any modernization projects. Overall market... — read more 

I saw other posts claiming layoffs will happen October 1st eeek. Please don’t speculate. No date is set yet.

CNBC had a segment this morning with the clickbait title of "Turmoil at Schwab," but provided some new information. Walt was planning on retiring this year, but postponed it due to the Regional Bank Shenanigans. Since the postponement, there is... — read more 

This business update is laughable. "please enjoy this once in a lifetime opportunity experiencing integration. You will be recounting this opportunity we've had for the rest of your career!" All in the midst of looming mass layoff rumors, and all... — read more 

How do they expect us to continue if they cut even more people?

If you haven't gotten your 2.79 free cookies from SugarWish, you're leaving money on the table!

These layoffs have been stressing me out. This year is just no the best for me. Being the sol bread winner for my family has been a lot of pressure. I'm scared I'm going to fail.. I wouldn't be surprised if I become homeless next year due to the... — read more 

Anyone else get this notice from corporate? It says you have 2 weeks to make an appointment to re-submit your fingerprints. Failure to do so can result in termination. I've already submitted my fingerprints at least 3 times during my tenure; this... — read more 

Don't hold out hope that once these layoffs are done it's back to business as usual. I know some people think this and I feel sorry for them. Layoffs at Schwab are not something temporary. This will keep happening, folks! This is our new normal. You... — read more 

https://www.wsj.com/finance/investing/some-schwab-customers-say-they-want-their-td-ameritrade-app-back-efc78bc1 Millions of investors who had accounts at TD Ameritrade became Charles Schwab customers this month. Some say they wish they could go... — read more 

Which departments/teams will most likely be affected?

Sep 25 - Chuck has 34,715 FTEs

We all agree the way this mess was handled was the ABSOLUTE WORST. Ignoring that fact, you need to look at the timing because it is putting you at a significant disadvantage. If the layoffs happen end of October (IF they happen then...) that puts... — read more 

With layoffs constantly hanging over our heads, how exactly are we supposed to maintain a positive work environment? This is an honest question, how? How are others doing it?

A CEO of a troubled company was relieved of his duties at the Board of Directors meeting. When he returned to his office to collect his personal belongings, his replacement was bringing in his first boxload. Not wanting it to be an uncomfortable... — read more 

Schwab’s EC pi---s off, alienates, and demoralizes the employees. Major reorg and layoffs happen. New CEO and EC members emerge with statements like “we’re sorry those horrible people did this to you. We’re here now, we’re different, and we’ll... — read more 

I am writing to express my deep concern regarding the current leadership of Charles Schwab, specifically CEO Walt Bettinger. Recent events have raised serious questions about his ability to lead the company effectively and maintain the trust of... — read more 

Thoughts?

Is this Schwab location one of the “safe” zones? Are you all still going to be working in the office a few days per week?

even though my role is client facing i’m still worried!

What’s the tea?

does anyone have any thoughts on WA, AWA, or the SWA service team being impacted by the layoffs?

I’m the event of a layoff and you find yourself using COBRA for insurance, if you have an HSA account, you can utilize the HSA account to pay the premium(s) as it’s considered a qualifying event & expense (tax free no penalty). Putting that out... — read more 

Any idea how RBS is doing?

Changing gears, because a lot of discontent is being thrown around here and although i dont agree with what is going on with the org, i have spent the last few years helping my peers out whenever i get the chance. TLDR version: be ready for anything... — read more 

I know it’s been discussed how severance and other stuffs work when you get a new job and let company know you are resigning earlier . How would that be categorized ? Would you need to let your future employers know you were involuntarily terminated... — read more 

Friday the 13th.

What an utter waste of time. Oh, let’s do a fun trivia game, that will make them happy! Tone deaf.

a space to post your comments

So many supposed job openings are not that. I've seen some during my job search that have been up for six months (and that's just since I started looking). Don't tell me it's taking that long to find an auditor with so many people applying! Why do... — read more 

Anyone know how many of us are going to be laid off? I'm guessing 10%