I don’t hear anything from CEO lately. What’s with him?

Just got off AST all staff meeting. It was mostly to clap hands for all the amazing work people have done. Well, at this point we need some transparency around layoffs, future project fund allocations etc. we have clapped enough! It was also... — read more 

Anyone in the finance all hands? Peter is just DO GRATEFUL for all we do but… still laying a bunch of us off

Feels like the marketing department has a lot of duplication thanks to the merger. Any speculation on who is on the list?

Seems like any reason they can find they are terming ppl for... likely to reduce severance payout. Stay vigilant and wait for the exfil bird.

A lot of what is posted on this site is very unhappy employees sharing their grievances which is completely understandable considering the circumstances. What I would like to do different is offer some suggestions to repair what has been broken. .. — read more 

When you have to lay someone off, the least you can do is be kind about it and do it as quickly and as painlessly as possible. Don't make all of us wait around for our fate to be decided. That's unnecessarily cruel.

What do you all think?

October makes sense for associates in locations being closed. Eliminates roles so off the books by 12/31, no bonus payout and also eliminates the walk of shame, escorting people out of the building, causing scenes, etc. Wait til October and you can... — read more 

Absolutely no representation in leadership, no inclusive culture ESPECIALLY in sales. I have too many examples of s-xism to even list here… managers talking about other leaders or people being “difficult,” or “very direct” referring to women in... — read more 

to be kind to one another. If someone reaches out to you in confidence - help them. Though some people will skate through it, this change will be emotionally hard on many people. Please remember to be kind and supportive.

If by now you have not updated your resume, worked on increasing your network, and started test-applying for jobs, you will be the only one to blame if you're caught off guard by coming layoffs. I was laid off once before but it wasn't too bad... — read more 

Announced July 18, 60 calendar days per WARN, puts it at Saturday, Sept 16. Good luck to all of us next week.

I think the current state of the job market is the only reason we aren't seeing an even higher rate of resignations. I think many people that survive the cull will be looking for new roles in 2024.

Funny how all the schwabbies that have preached schwab as a way of life are quiet now. We are all here to break our backs to make the execs richer. Point proven by using us for the merger. Glad they have realized all of these roles are not essential... — read more 

Do level 58 software engineers get RSUs ?! My manager director and product managers are all from Kaiser Permanente. They don't understand technology and meetings are long and lame. Feels lame to work with such folks. I'm interviewing hopefully will... — read more 

Who at SVP level will be impacted? Is Rama in trouble? Will Rene be asked to retire? Is it time for Dennis to step aside? What big waves do you think are possible?

We Have a A Predicament: Productivity Is At An All-Time Low — And It's Because We're Failing Employees In 2 Ways. https://www.entrepreneur.com/leadership/productivity-is-at-an-all-time-low-because-were-failing/456861 This global productivity... — read more 

Schwab leadership believes they can cut their way to profitability. Because that worked so many times before for so many companies (spoiler alert: it didn't). Can we get rid of the joke management we have now and get some true leaders to run this... — read more 

I know promotion is probably the last thing on people’s mind now but I want to get some insight to cope with my situation. My manager has been trying to get me a promotion for about a year now. With the salary transparency/fairness act in place in... — read more 

Take them back. God please take them back, they are so STUPID

https://youtu.be/fFb0hWSy9Fo?si=MM8z36jJWwNU5KCE

How much do you have in savings to be so blase about layoffs? I haven't been able to sleep properly in weeks and there are people who are going on about it like nothing out of the ordinary is happening. Please, tell me, what kind of a safety net do... — read more 

Which IO area and leader is the worse? I see each MD have their favorites and protect them even if they cross the lines with employees. CP, DL and MM to start with say they team players but are only in it for themselves.

When colleagues and I were converted from contractors, we received a non negotiable salary offer that was identical to the contractor rate, plus or minus $10k. I'm curious if these elements were the same or different for others. Share your info if... — read more 

Just looked at the reviews in the app store since the TG, and they are overwhelmingly negative. Anyone know how the different mobile product teams will be affected in layoffs? TDA only had 2-3 mobile scrum teams compared to Schwab’s 25+.

Login this morning to an email from STS/CTS for a free pick from sugarwish . com. We work our a%%es off for this conversion, long holiday hours and you gift me Two cookies, YES literally 2 cookies!!. What is this kindergarten?? If you actually... — read more 

I constantly feel like I'm not prepared enough even though I think I did everything I could do in this situation.

You can't just drop the layoff bo-b on us and then act like it's business as usual. You can't expect us to keep working like it's any other day. We are people, not robots, and stuff like this affects us. You can't just expect us to shrug it off and... — read more 

This is an interesting read regardless of which side of the RTO aisle you’re on. https://www.bloomberg.com/news/features/2023-09-04/what-the-return-to-office-looks-like-globally?srnd=work-shift?utm_medium=social

My resume is ready and I am actively applying. Thank you for reading.

That is only one of the things that will change for the worse for the company once I start to RTO - or let me rephrase that, once I'm forced to RTO.

Congrats on the TG everyone! You worked hard to make this the most successful conversion in our industry’s history. The EC truly appreciates the time, effort, and dedication you’ve put forth to ensure this was an epic success. Yes, most of you will... — read more 

How do you think things will play out for impacted colleagues? As layoffs will be in the thousands, I am thinking it'll be a meeting of some kind, probably scheduled a few hours before, during which they will remove all access and at the end of... — read more 

Interesting article. I think we would agree the housing market is bad, this article says it would be even worse if people weren’t working remotely. https://www.cnn.com/2023/09/03/homes/remote-work-housing/index.html

I thought the point of these layoffs is to save money, right? Then why are we still hiring people left and right? Just look at the number of open positions that are being advertised - it's in the hundreds. Can somebody please explain to me how is... — read more 

Are you guys doing ok?

Just found out about this. How is this getting funded?