Employees 35212 Non employees 12692 Total 47904

https://fortune.com/2023/07/20/demand-for-urban-real-estate-will-be-challenged-for-the-rest-of-the-decade-heres-how-the-worlds-superstar-cities-are-projected-to-fare/ This is exactly why companies are calling everyone back to the office. They made... — read more 

Any idea if the consulting firm screens for individuals that were subject to HR complaints when identifying employees to layoff? Or eliminates employees that filed a legit HR complaint about a colleague? Just curious if that’s factored into these... — read more 

Sounds like this is going to drag on. A MD or director here and there to start, eventually trickling down. Why don’t they just do a big wave all at once? Are the logistics really that difficult? Maybe there is a big wave coming, but this trickle... — read more 

I don't think I've ever felt more anxious and nervous here than I do now. Have you already started sending resumes? I have and that makes me even more nervous because I am afraid that if I get laid off, I will be jobless for a long time because... — read more 

Just based on some Reddit posts i have seen. A lot of fortune 100 companies are accepting volunteers to be laid off, while still get the severance. Does anyone know if Cs is doing this? I really can’t stand this. Waiting game. Waiting for an email. — read more 

What a joke! Layoffs started and I'm not seeing many MDs. What happened to starting at the top?

What happened to the plan to start at the top? Can we really not trust ANYTHING this company says?

It really is happening. Good luck everyone!

Let's start a new thread. If you or someone you know someone who was laid off today, please mention the department/position so we can get visibility to whether or not today is the day. Also, is there a group on LinkedIn for former Schwabbies? If... — read more 

We are all hitting new levels of anxiety over this whole thing and those who are doing all of this to us can just go on with their days like nothing's happening. They don't give a damn and none of this will affect them, at least not in the negative... — read more 

We'd have heard something by now if there were layoffs planned for today.

https://fortune.com/2023/08/01/research-damaging-results-mandated-return-to-office-worse-than-we-thought-rto-remote-work-careers-leadership-gleb-tsipursky/ We’re now finding out the damaging consequences of the mandated return to office. And it’s... — read more 

Is anyone seeing any curious cryptic meetings on their calendar tomorrow Aug 1? I cannot provide specifics here but I know of three people that have been invited to team or org wide minimum level meetings with no description within the invite. All... — read more 

Could it be that they only terminate FTEs while keeping contractors around… and let contracts end naturally when the term is up? Or will layoffs involve both FTEs and contractors?

Once RTO was announced, I saw the writing on the wall. I started applying outside of the company for remote positions. But according to our one MD- “TheY dOnT ExIst” Then when they announced layoffs I was obviously concerned. I have an offer... — read more 

It feels like decisions regarding RTO, office closures and layoffs are being made without HR. I watched the HR leader podcast about the new HR a portal that is supposed to be the front door to all HR but there is no information in there about RTO... — read more 

I have been told that I will loose my team members by end of this week. Maybe its me too! they wanted to wait for quarterly bonus and stock purchase to ease the blow!

This site continues to be wrong proving dates of doom that go nowhere. Adding fuel to the anxiety fire for no reason.

Has anyone noticed the various "stay focused" comments that have been posted on this site recently? It feels like these types of comments are increasing and the message is the same. "You can only control what you can, so I just focus on my work", or... — read more 

I know they're usually not part of the decision-making process, but what are the chances my manager knows by now whether I'm affected or not? He is a great and friendly guy, and I'd like to think he'd give me a hint in case this is true, but you... — read more 

Whether you get to keep your job or not, is there a way to find out who got laid off? For example, if I got laid off, I want to connect with colleagues who did too for support.

I know a lot of people are saying they want this to be over as soon as possible, but I'd rather have this time to prepare than be in a situation where layoff was sprung on me with no warning. I've been preparing for the worst-case scenario for the... — read more 

In 2019 Walt laid people off and blamed the federal reserve for dropping rates too quickly. Now in 2023 he caused the the company’s stock to crash over 40 percent and blames the federal reserve for raising rates too quickly also resulting in layoffs... — read more 

Can they lay you off while on medical leave? Having surgery this week want to make sure I’m not putting myself at more risk

Honest question to the long-time HR people and MDs on here…I think I’m getting laid off. Or my boss is. Or someone I manage is. The relationships I’ve build with all of them (and my peers) matter to me and I don’t want to lose touch. I understand... — read more 

Director, I have laid off more than I want to remember over these past 10 years. Here is how the process works. You will receive a meeting invite from either your Director or MD. Usually it's a "quick catch up" or in previous cases, a meeting that... — read more 

Is anyone else just sick of waiting to know when and if they'll be laid off? I dont want to be but I would almost rather get laid off than deal with the uncertainty anymore. I'm scanning this site and others when I should be resting because I just... — read more 

The announcement in March seems giving Trader its own identity, but even before it becomes official in Sept, it is now under IS. Trader is unique business, not sure that is right direction we are taking now BTW: Somebody asked who on EC should go... — read more 

Looks like plan is Walt will be Chairman and Rick will be next CEO? On the call with Walt and Rick for leaders, the host pointed Rick is in charge of re-org, and Rick's reply was Walt announced, not even company or EC announced/decided. Seems like... — read more 

How are you dealing with the stress and anxiety? Haven’t been able to sleep in a few days thinking we are expecting cuts any day now. Feel like I’m crazy, am I the only 1?

The new hybrid policy allows us 4 weeks per calendar year of working fully remote, correct? What if all of us use these 4 weeks we are allotted for 2023 in the first four weeks of October in protest? We would not be violating the policy nor would we... — read more 

Rather unusual number of recent activities from "former employees" appearing on Glassdoor. They give Schwab company 5-star approval rating and have one short sentence each under "Pros" and "Cons". Almost a bit cookie-cutter response. Makes me wonder... — read more 

Anyone else notice their job level change in Worksay? Mine moved down to a 58 which is less in severance

I realize this is probably wishful thinking and something I should already know. If we’re on the corporate bonus plan and our ABO is a significant portion of our total comp, what happens if we get laid off? The year is half over and that’s a good... — read more 

Good night, folks. Enjoy the weekend… really.

So my guess about my layoffs is Aug 3rd or right around that timeframe. I got to thinking if they do the whole 60 day notice thing, Aug 3rd is 60 days before Oct 2nd - first day RTO. So I wonder if they are doing this math? The total number of... — read more 

I was part of one of the previous layoff rounds. Mine was a Monday morning with an adhoc meeting prompt from my manager. Please note while you don't lose access until that afternoon you IMMEDIATELY lose the ability to send any emails externally. So... — read more