The only people who know anything are MD. Unless you report to MD your boss knows nothing MDs are under NDA. No one is talking Targets are NOT discussed at the director level

Wrong guesses only.

I know that everyone is anxious and probably even fearful of the impending reduction in workforce actions. While I do understand that many people in this forum may be worried about their own personal career, there are many factors which contribute to... — read more 

https://www.thinkadvisor.com/2023/08/22/schwab-moves-to-raise-debt-after-news-of-job-office-cuts/

If you attended the Retail All Hands meeting, you've likely noticed numerous indications from the executives regarding the timing and the upcoming layoff occurrence. There were various code words and word plays used. It's quite evident to most... — read more 

Seeing as we already have our call campaigns in action, let alone numerous client events already on the calendar. Do you think there will be a big impact on the FC roll?

Obviously things have been bad for a while, but I'm pretty down now that it's all said and done for me. 8 years with Schwab, been in a directors role for the last 3, got 4 months of pay + 60 days notice, assistance finding a new job and no stock... — read more 

Hi, Which Team is Getting Impacted in Denver Area any idea? Which Contractor are impacted? There is Lot of legacy system development in Denver ?

I wonder if they will ignore the elephant in the room.

Don’t not speculate or buy into any rumors of layoffs before Labor Day.

Looks like they will need to layoff all of us at this rate. Thanks Walt!

Pretty sure I won't be around when it is due and the irony of the topic has me thinking it will be a bunch of "Do as I say, not as I do".

I wish they were more transparent about the selection criteria for layoffs. Every time there are so many open questions left considering people who end up being cut.

What would be an acceptable severance package during layoffs, for you personally? What kind of added benefits (like prolonged medical coverage) would make a difference? What would make you think that the company treated you fairly? I know most people... — read more 

All hands is over. It’s happening tomorrow. The clues were all over that meeting, very coded in all the presentations, but the clues are there! Watch the replay!!

These people are scallywags make no mistake and not in a good way. Schwab is the most skilled company ever at hiring executives that are at the top of there game for straight faced lying. No respect for any of them

Mentioned $450 - $500M savings through layoffs and real-estate downsizing. Shares up half of a quarter percent.... Kinda interesting as this is old news now. Was there some kind of official press release from Schwab that just happened?

Just a thread to talk about the meeting

Do we know if anything is happening?

I don't have one good word to say about them. From lying to us about RTO to not giving us enough information about what's going on to turning to layoffs to fix their own mistakes, this group is just awful. I think we need a major change at the top if... — read more 

You will complete TG3 You will prepare for the future

Just curious. Does anyone feel they have a buffer or do you think you are first? I know I'm first.

Let me get this straight…. Do the needful and endorse each others cr-ppy work. But hold tight to the 5th of September or William Wallace will come for you.

I request everyone to concentrate on your work and make sure the integration goes smoothly. Forget about the layoffs. It is just part of every organization. As long as you are paid, you got to work and work hard.

What date is Client Day One ?

Remember, remember! The fifth of September, The Schwab EC treason and plot; I know of no reason Why the Schwab EC treason Should ever be forgot! Rick Wurster and his companions Did the scheme contrive, To blow Schwab... — read more 

This article is hilarious, I didn't realize for the past few months I have been using some of this stuff already :) https://www.wisebread.com/how-to-get-laid-off-a-step-by-step-guide

Speaking from experience on past layoffs here are the people who should probably be concerned about the layoffs New directors New people leaders Redundant roles Individuals near retirement Individuals who live in areas where buildings have been... — read more 

Let me get this straight. If you get laid off at Schwab and ask your colleagues for an endorsement or whatever, they aren't "allowed" to give you one?!?! Can someone confirm this? If this is true, that's fu--ing horsesh-t. And what would be the... — read more 

Hey everyone, hope things work out for all of you. I am currently a contractor in a legal state. Will be relocating to non-legal state. No problem passing if its for sure they do, but hearing different things. Is there a official position on this?... — read more 

Anyone in management hearing they are going to axe sabbaticals? With every single TD employee becoming eligible at the same time I don’t see how they will continue the program. My guess is after integration and layoffs they make this announcement — read more 

They can’t make us start making money for them. We can just keep doing our same work as TD Ameritrade, they can’t stop us. This company does have to die if we don’t let it. You show up on September 5th and you keep using your TDA email, you keep... — read more 

Times are tough, sad reality. If you’re unhappy with anything in your life… do t put up with it. So much negativity on a company that pays us well with good benefits. If you are unhappy, make a change… quit. Would you want to be on a team with... — read more 

Anyone else here working the phones? I see some senior roles/software side folks posting, wanted to know if there were others on the phone reading these. How are you feeling/preparing for everything happening? I don't think they would start cutting... — read more 

Curious if anyone else is losing their cool about ongoing technology issues. I heard it’s not our laptops causing the problems but the entire Schwab network. Something “breaks” every single day. I’m restarting my laptop multiple times a day. ... — read more 

If not for this round, then for the next. And we all know there'll be a next. Make sure you have an emergency fund, always be applying and interviewing, and if you can start something small on the side, do it. Make sure you have control of your... — read more