The lack of transparency, telling us one thing and doing another, announcing layoffs then letting us wait... All of this combined is aimed at getting people to realize the stress is too much and to leave on their own. This is all intentional, just to... — read more 

I've heard each of these from many people around the water cooler. Our company balance sheet is not healthy. We need new leadership. Hard working employees will be severed, those left will pick up the slack and suffer reduced bonuses. It is... — read more 

Do you think will sink the layoff plans or make it worse due to losses ?

Does anyone have any insight on what might happen with SWA, or any rumors about layoffs in the SWA department?

August 21, 2023: "Charles Schwab Corp. just signalled that mass layoffs across the United States are baked in the cake and imminent, while office closings will mostly follow next year, according to an SEC 8k... — read more 

When I was laid off, leader scheduled a call at 8am (was 7:30am when I received the meeting request - was working from home). Joined the call (it was just the two of us). It was scripted and leader read from a script and told me it wasn’t an... — read more 

Got 25 dollar doshdash giftcard from AST Leadership.

You can’t make this stuff up… After what we have been though with RTO and the anxiety of layoffs, our “leadership” has the nerve to ask people to stay and work OT for TG3? America is currently in a silent depression where the middle class is being... — read more 

I think our leadership should remember that from time to time since they keep making decisions that will impact the company negatively down the line. Just saying.

I would start there

For those of us newer to Schwab or from TDA, what are the skip meetings like, and do you think they’re really a precursor to layoffs, or is that overblown?

Burning all mine Seems like my team is too. 2 days per week

People Managers or MDs, I believe that MS teams has some basic productivity metrics or at the least, Schwab has some other 3rd party WFH productivity metrics. Presumably, do they have some metrics for time active vs. time reported metrics? Do you... — read more 

These RIFs are causing productivity, quality, and morale to plummet. It's most likely going to hurt revenue too, in the long run. It needs to end.

Who really thinks STS has what it takes to build and maintain industry standard apps?

I’ve only been with CS for a couple months and am the only new member on my team. Are my days here numbered?

Which Team are effected in Lone Tree and Denver area? Schwab have big center in lone tree.

Hearing all sorts of dates now: Week of 9/18? First week in October? November 1? I just can’t imagine the EC will keep folks past their usefulness to the acquisition, which will be mostly finished this weekend.

Assuming you get laid off…Does anyone know the 2023 date you would still need to be employed by in order to be entitled to our bonus that would normally be paid out in March 2024?

I wonder if MDs really have the list ready considering nothing is leaked about the timing at all. Strange! May be they might push this entire ordeal to October

I trusted the leadership when they said there would be no RTO and I trusted them when they said we're safe from layoffs. Now I feel like a complete fool. I honestly thought I worked for one of the better companies that treated its employees right... — read more 

I am not okay with what's going on and actively am looking for a job. Regardless if this impacts you directly, this cut will be massive and will impact your friends and colleagues. You may not love every single person you work with, but they are... — read more 

Dear team - please allow yourself plenty of time to land a new job. If you think there is even a remote possibility that you may be impacted - update your resume today, reach out to your network today, and start the job search without delay. It takes... — read more 

I see some posts about how to prepare for layoff and one of the things is to ensure access to the employee branch. What services do you use from EB? Thanks in advance

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