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!!
Former Employee- Schwab is a white collar sweat shop
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
Schwab Breaking news on CNBC just now
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?
Summer Retail All Hands
Just a thread to talk about the meeting
Layoffs this week
Do we know if anything is happening?
Horrible leadership
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 complete TG3 You will prepare for the future
Who feels they will be first on their team to be laid off?
Just curious. Does anyone feel they have a buffer or do you think you are first? I know I'm first.
LinkedIn Endorsement BM
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.
Get your act right
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.
Client Day 1
What date is Client Day One ?
Remember, Remember the Fifth of September ~ In Quintum Septembris
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
How to Get Laid Off, tips
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
Individuals who should be concerned
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
LinkedIn Endorsement BS
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
Does Schwab test for weed?
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
Sabbaticals
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
TDA reps, do not go quietly into this night. On September 5th, keep logging into halo desktop. Keep logging into OMS. They can’t stop us!
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
If so unhappy, leave. You’re not helping anyone
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
Phone reps here
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
Plagued By Technology Issues
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
You have plenty of time to prepare for what's coming
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
Blackstone
Does anyone here own a Blackstone griddle? If so, have you ever had the seasoning flake off after a hot cook? Any tips for what to do?
SWA Cuts
Does anyone have any insight or information on cuts in SWA?
SF employees received email that Schwab is named #1 workplace in Bay Area
www.topworkplaces.com/award/bayarea/2023/500-plus/
Please Stop Posting False Information. Do Your Own Research
There is a bunch of false info floating around on here about the severance pay plan. Everyone just needs to go to MyHR and read the “Severance Pay Plan” document and and all of your questions will be answered. For example, contrary to this forum... — read more
Anyone know which teams specifically?
Title says it all - I know DS is/was part of it, but what other departments and teams? The more specific, the better. I know my MD gives a very non-committal response when people have asked directly..
Glint is clearly not anonymous
Katie(Casey): Yes, there were. Employees who are working fully remote had a steeper drop in employee engagement, while employees who are coming to the office with some regularity had a level of employee engagement almost identical to the prior... — read more
Q&A Engagement Survey (from BLUEprint email)
Read the sugar-coating... er, the Q&A about the Glint results. This particular section caught my eye: "Were there any responses from specific employee populations that stood out to you?" Katie: Yes, there were. Employees who are working fully... — read more
Nervous as he-l
TD employee here. Absolutely loved TD and everything about it. Schwab… not so much. The impending RTO and layoffs announcement has everyone in my department on edge and frustrated. The horrendous communication, backtracking, and confusing information... — read more
People Leader impacts?
Does anyone know what might happen to some of our first line leaders? We have a great manager whom honestly I would hate to lose. Has anyone heard any word there? Rumor mill has us all worried on which leader might go if they do pick one, and I think... — read more
Women Execs disproportionately leaving FS due to RTO
The women mentioned in this article should disrupt financial services like Charles Schwab did. Start their own companies with happy employees who have a strong work ethic, who get s**t done wfh and deliver the best client experience as their... — read more
Employment after layoffs
In the event of a layoff are we able to bring over other former employees who were laid off to new companies? I feel like this should be an obvious yes since we both would no longer be Schwab employees but figured I'd check with the more experienced... — read more
Are Contractors impacted?
My team has 7 contractors and 5 FTE. How the layoff begin calculated in that case?