With looming layoffs at Schwab, I know a number of us are trying to be as proactive as possible by looking outside for opportunities. It is tough out there and every day at work is excruciatingly hard on our mental health. I’m noticing some People... — read more 

Any Idea which Tech Team Getting Heat in Denver Area?

Can’t purchase stationery. Says unauthorized. Does it has to do something with the upcoming layoffs?

Is it possible to ask to take a pay cut if I get picked for the lay off? I would take a 50% pay cut if it meant I could stay. I can’t find any other job postings in my area. I also see that there are still schwab job postings. Is this to pretend that... — read more 

I swear, some people don't understand that you can criticize something and either be stuck there or actually like some aspects of your job but have issues with others. What do you gain from telling me to quit if I don't like it here? Why does my... — read more 

I've heard from an SVP (MD A2) that they did sign NDAs so this is confirmed. The SVP also added that all decisions on who is being let go have been made. The "hard part of their job" is done. They have the new org charts. Now they have to wait for... — read more 

https://finance.yahoo.com/news/charles-schwab-insiders-sold-us-130029934.html

For everyone that is worried about the uncertainty surrounding the layoff, watch until the end. I believe in the fortitude in all my fellow Schwabbies :) https://www.reddit.com/r/maybemaybemaybe/comments/162rn70/maybe_maybe_maybe/ Also, try this... — read more 

I’m just glad it hasn’t gotten as bad here as other places like USAA. I heard someone ki-led themself there yesterday. Sounds like a complete corporate meltdown is happening from what’s being posted.

This will save the rest of the jobs in US.

Poetic this is. Honoring your workers on Labor Day by laying them off.

"With these cuts, Charles Schwab expects to achieve at least $500 million of incremental annual run-rate cost savings — but also incur about $400 million to $500 million from expenses like employee compensation, benefits and facility exit costs. ... — read more 

10 year anniversary date will likely be in the middle of 60 day notice. Sabbatical is on the books and approved for early 2024. Paid out or not?

My retention bonus which I signed while still with TDA in 2021 is tied to "end of client conversion/CD1" without an actual date. I recognize this was a stupid thing to agree to but in my defense I thought I'd be long gone by the former CD1 date of... — read more 

ONE EVENING, AN ELDERLY CHEROKEE BRAVE TOLD HIS GRANDSON ABOUT A BATTLE THAT GOES ON INSIDE PEOPLE. HE SAID "MY SON, THE BATTLE IS BETWEEN TWO 'WOLVES' INSIDE US ALL. ONE IS EVIL. IT IS ANGER, ENVY, JEALOUSY, SORROW, REGRET, GREED... — read more 

Boston Consulting Group is Thanos. They snap and half of the managers are gone lol.

Incompetent management. It took management this long to train everyone in ID theft when the training only takes 30 minutes. There is a reason they aren’t making any profit when they force their employees to hand out CSGs and waive every trade. The... — read more 

How do I use the additional 2 weeks off for my mental health? I was told that we get 2 extra weeks not including our sick time. Do I reach out to my manager?

The one advantage of being told we are losing our jobs months in advance? It gives us time to prepare. Make an appointment at JW: Employee Branch to get your finances in order if you lose your job. Use your sick time. It’s a “use it or lose... — read more 

even though i know in the end, everything will be okay no matter what happens at schwab, i’ve still been unable to sleep since the layoff announcement. anyone else acting normal and fine in meetings, but dealing with insomnia at night? — read more 

Anyone know if sick time will be included in this? Or should I start using it now?

57, Non PL High performer, got far exceeds expectation on my review. I started looking at the job market about a week after they announced the layoffs. I received an offer that is base around 25% more (pre bonus…) than I’m at now. I feel like my... — read more 

Mark Zuckerberg’s new return-to-office mandate is a clear problem, says Harvard expert: It’ll cause a ‘huge amount of distrust’ “Leaders must make sure that they’re practicing transparency, and that their actions match their words,” Gardner says... — read more 

Management is to blame. They spent millions of dollars and labor hours trying to “revamp” the training program instead of listening to their employees. Why not keep your employees that are here to work? In the end this didn’t even help with employee... — read more 

I’ve been laid off before (an acquisition who only wanted our clients) and went through all of the emotions of feeling anger, self doubt, worthlessness, dread, darkness/depression, etc. For those of you who haven’t been through this before, remember... — read more 

Won’t mix. From home offices and flexibility to cubicles and timed breaks. Welcome to 2018.

“Labor should be recognized as entitled to consult with management in the mutual interest. Labor cannot be driven, and business cannot be successful unless the men employed in it are enthusiastic and loyal. That loyalty cannot be obtained with a big... — read more 

Be it more money, more recognition, or more options, we always want more of something. Very few are able to take an honest step back and recognize that what they have is more than enough. It’s always good to want more from life, but it’s essential to... — read more 

Has anyone heard if they will give out retention bonuses like they did last year for those that stayed through the tax season? Keeping in my you aren’t on the chopping block.

These leaders look really happy about all the work we've done and will do to bring clients over before they lay us off. It's going to be a lot of work and the "tools" and "training we've made available" aren't going to resolve client issues who lose... — read more 

Does anyone know when the cuts might happen for AST? Is it in big numbers?

For all those who seem to be in the know, will RPS be heavily affected by the upcoming layoffs?

For all of those who have been posting about EC's lack of empathy, disconnection from employees, and calling out demographics; your feelings ARE valid. Because whether you want to admit it or not, this should be obvious to... — read more 

I blinked when Omar announced that at the end of the day, firing decisions are owned by him and is asking for trust in the same speech. Well played sir.

Is it poor judgment or financially strategic?

We're upset. Mad. We feel betrayed. Lied to. Backstabbed. Stressed. We're short in conversations. We look over our shoulders, targets on our backs. P!$$ED OFF. And we have every right to be. Some come here looking for information, some to vent... — read more 

We’ll eliminate your job. EC — At last year’s DS all hands in December, I vividly remember several MDs saying the year ahead in 2023 will require a lot of late nights and weekends from the teams working on the integration. Look at how they’re... — read more 

I think the worst is going to happen next month. I have no confidential info to claim this with certainty, but I've seen enough to make an educated guess. I've grown tired of having to stress so much about work and I'm considering leaving, but that's... — read more