Simons org took a huge hit a few months ago, are there more in that org that will be let go? Im thinking yes...I hate going to work everyday just waiting for the invite.

If you are cut by the coming reduction, what are the rules about returning as a contractor or employee in the future?

And what kinds of fun questions are you asking Peter or Rick!

This company has changed so much in the past 1-2 years. I am currently work within the CS&S division and the leadership there is just oblivious and apathetic to the struggles that both employees and clients are dealing with. The same concerns are... — read more 

Do not forget that Walt got himself paid $24,000,000 each year ($2m per month) and has a massive quiet private office while you are paid $150k & work in cubicles with cheap laptops & are an "easy cut". If newspaper were to interview me, an 'easy... — read more 

Maybe it's just me, but I have the feeling that more and more people are looking for ways to get on the layoff list and get paid to leave. Have you noticed that too? That's somewhat understandable but also it speaks volumes about the state of... — read more 

I’m in middle management on the blue side and found out today everything points to 7/28 being the first official organized turndowns I know many of us have been looking for new opportunities so good luck to everyone. Tough times for all — read more 

https://www.forbes.com/sites/glebtsipursky/2023/07/21/the-mental-health-crisis-caused-by-the-return-to-office/amp/

Let me see if I got this straight: the leadership wants to fill empty buildings so badly that they don't care at all about all the great employees the company will lose over this, the deterioration in the company culture this will cause, the imminent... — read more 

https://www.yahoo.com/news/remote-employees-longer-harder-studies-093000553.html

Walt said a main reason for RTO is so that we could develop leaders. However, this is the 3rd round of layoffs he has done in less than 5 years and if he truly follows the inverted pyramid this means he is laying off a bunch of leaders. Why would we... — read more 

Let's use Glassdoor to express our thoughts on the forced RTO and how it was handled and everything else you're probably upset about at this point. It may not be much but let's let them have it from every direction... — read more 

https://www.yahoo.com/finance/news/amazon-is-reportedly-making-employees-relocate-for-return-to-office-200435517.html Could be worse!

Walt is 100% Long John Silver in the story Treasure Island

Recent events have shown that the company's culture is far from ideal, and their actions have caused immense pain to employees through unjustified actions. As we gather here, bound together by our shared experiences and aspirations, I urge each of us... — read more 

Looks like many of the major locations are oversubscribed and my service team is being offered the opportunity to stay home with or without exceptions. Anyone else?

Can someone who has applied for a medical accommodation give a quick rundown of the forms you are supposed to get signed? Two people on here said their Dr. wouldn't sign them (liability?) and another said they just needed their manager to sign them... — read more 

CS&S is going under big time, as a people leader in CS&S I have a very bleak outlook. CD1 is a main catalyst, the reps are terribly clueless and the training they have been given is atrocious, many of the bad surveys received from both TD and Schwab... — read more 

I'm coming up on the 5th year sabbatical eligibility very soon. With the coming layoffs, I'm wondering if/how I should proceed. I am in a role and location that is maybe above average chance to be impacted by cuts. Should I submit my request or... — read more 

STS Was just selected for a role with the social security administration. 100% remote. And it pays around 25% more. Their health insurance su-ks. So I would go cobra. Which I negotiated into the salary. And they also said they will give me... — read more 

I found this out the other day and Im still shocked. All those clients we have that place trades, Schwab rarely executes those trades. I didn't believe it, but my friend showed me how they just give our clients orders to other people and then tell... — read more 

If I hear the company line about seeing through clients’ eyes one more &$@!%# time, I will ba-f. How about seeing thru employees’ eyes for once? Schwab has all those beloved clients because of the services their employees provide. WE deliver results... — read more 

DHS ends I9 requirement flexibility 7/31. For those who were hired during Covid and had documents inspected remotely, employers will be required to complete in-person document inspections no later than August 30. Curious if anyone has been given... — read more 

Seeking clarity on how the cut target number was determined ($500M in expenses via layoffs and building closures). I understand the need for cuts, but the number sounds arbitrary though I'm sure it's not. Would like to know more about the... — read more 

I’ll start. Walt. All starts and ends with him on why we couldn’t benefit from generous rate environments. Absolutely butchered employee moral as a topping on the cake.

I don't believe that it will ever happen, although CS would be a much better place without those mostly useless and often toxic people. Maybe a miracle will happen and CS will finally decide to get rid of them?

An email came out a couple of days ago announcing that 2 senior MDs 'left' digital through a reorganization.

Remote exception request was denied last Friday (even though I was full time WFH for past five years). Then today I was let go STS award winner Exceeded expectations four of last five year Two promotions in five years Devastated right now. I... — read more 

Taking the personal aspect out of this and looking at it objectively. What Fortune 500 company would purposefully pi-s off their entire workforce by mandating a rigid RTO policy, only to follow that up with a very generic “there will be massive... — read more 

You can tell that Walt is reading or is being informed of what is getting posted on this site and on Reddit. You could hear the tone of his voice change during certain questions. Overall if thought it was just a bunch of BS.

Please take a deep breath. Now another. This is not your fault. You are an amazing person and we were lucky to work with you. The feelings you are likely experiencing are normal and you do not deserve this situation. If you can, take a few... — read more 

Non admission from the council on who got the company in trouble with long dated bonds and taking responsibility, RTO lies with a short notice of reversal, layoffs and building closures where they hide their pictures on the email, and now surveys... — read more 

Questions conveniently missing from my Glint survey this quarter… I plan to be working at Charles Schwab two years from now Our leaders have painted a compelling vision of where we are going I have confidence in the executive leadership team... — read more 

Keeping it as general as possible and maybe waiting at least a day or two until the news is more widely known it would be nice to have a central thread of the number of people (not names) and high-level groups impacted. We all know HR is going to... — read more 

There will be two groups - first group will be in late September after the next big conversion. Second group will be on Oct 1 or 2 for those that don't show up on RTO. This will allow them to give 60 days notice to each group and then pay out lump... — read more 

I've heard some people are already getting access cut, but for those of us who survive this mess, I think it's time to organize. We need protection. We're not the ones who bought all the bad bonds. We're not the ones who tried to make ourselves... — read more 

I am not sure who I pity more. Those of you that thought this was a "family" and the company gave a crud about you, or the MDs and Directors who are so self-focused and believe that your title means you are important. The rest of the world does not... — read more 

https://riabiz.com/a/2023/7/19/walt-bettinger-pulls-500-million-rabbit-from-hat-based-on-projected-cuts-to-schwab-headcount-and-real-estate-savi “ Bettinger attached a fresh metaphor to his firm's post-integration, post-rate-whipsaw future. “Today... — read more 

Are you happy?