Some reorganizing happening and letting go of some middle management

Negotiations taking place to rescue CS? Another bailout coming?

On the surface, Charles Schwab Corp. being swept up in the worst U.S. banking crisis since 2008 makes little sense. The firm, a half-century mainstay in the brokerage industry, isn’t overexposed to crypto like Silvergate Capital and Signature Bank... — read more 

Last year I applied for an internal position, but the position got canceled due to budget cuts. So I stayed in my role. Since then I’ve been sidelined by my supervisor. While my colleagues were allowed to hire, I was told there was no budget. Also... — read more 

SVZb tupe closure possible. Run before you can.

After a long time here, I've finally started thinking how good it would be if I wasn't here anymore. When did you first seriously start having thoughts about leaving here and looking for a new job?

Did everyone else who is salaried get very poor raises? Schwab made record all time profits last year and we got short changed. Inflation is rising so much that now I feel like I’m making less even though our workloads are much higher. Now they are... — read more 

Is it the time for us? Is layoffs in financial sector looming over heads?

Level 57 (non-STS) here and my bonus target is 15% of base salary. Does this increase with career progression as you move through the levels or is it pretty much fixed until Level 60-61?

Considering the amount of work I do and my responsibilities here, I feel quite underpaid. Has anyone asked to get a reasonable raise or is it better to focus on looking for a new job?

I currently work at BNY Mellon. Our CEO recently announced a change to the 401K plan. Currently our company match (max 7%) is implemented each pay period. Starting in 2023, the match will be paid at the end of the year (actually, three months after... — read more 

What's your prediction as it relates to the possiblity of Charles Schwab layoffs? Any chatter, news or rumors?

When I took this job 5 yrs ago, I asked about layoffs and was told that Schwab "hasn't had layoffs in 15 yrs." What a joke. I just received my walking papers. I have ki---d myself at this job. For nothing. This has been an overall cr---y place... — read more 

Maybe I wouldn't even think about leaving if I had a more competent manager. However, I no longer want to work for a person with an over-inflated ego. Basically, a good manager seems to be a rarity here? Does anyone actually have one?

Sometimes it is not easy to make the decision to leave, especially if the other offers are not that much better. However, lately I am more and more sure that leaving is the best option because the amount of work I have to do, the level of stress... — read more 

I heard there will be a 40% budget cut across the company coming soon. Hiring freeze will be put in place as well. Good luck out there folks.

Anyone heard a number of centers are closing in 2023? Any idea what areas are impacted most?

Recently after 6 Months of interviewing with various Managers/Directors. I was offered a position. I tried to negotiate the base salary based on the cost of living in the location, I would be working within. With the current rates at 7% and the house... — read more 

What's schwabs policy like? Thinking of accepting the offer but want to know how it's handled.

What is the notice policy if I resign?

Say goodbye to your 2023 Holiday Weekends.

I really thought Schwab was a much better place than it turned out to be. Elsewhere, too, the employee should mostly be a yes man and glorify his manager in order to be more comfortable at his job, but here it's all about over-inflated egos... — read more 

I just started today. Any advice for a newbie on how to survive?

Do you think everything will get done on schedule?

RTO / Bonus Connection Question: Is there a connection between being physically in the office and bonus?

Heard great things about the Jersey City EC visit. Could there have been some boos? 😂

It’s amazing how you plead ignorance whenever someone good leaves and then think offering an on the spot promo can actually force someone to stay. People are leaving because they can’t stand the Simon says culture, constant change in direction and... — read more 

MD had very low engagement survey results for the second time. So HR is now talking to team to get feedback. Is HR to be trusted or is this a way to weed out the dissidents?

Where do people look for new jobs besides dice, indeed and linked in ? mds dont care how bad their managers are and i need to start somewhere else.

Does the leadership have any vision for Schwab anymore? Or do they think only of their own future?

I used to like working here, but things have changed drastically in the last several years. Now the culture is toxic, the environment is toxic, management is toxic, and even my coworkers have gone from friendly and helpful to competitive and hostile... — read more 

Just checking in to see if the army of PMs have made any progress with the integration of TDA? Still on track for 2023?

If yes, when?

Anyone got a count of attrition in Bashar's org? Seems like his lovely personality is wearing on people.

My colleagues are talking about possible cuts, many rumors are already circulating, some are already looking for other options, thinking that they might be a target. I wouldn't say that Schwab is doing badly, and that's why these rumors surprise me... — read more 

What are everyone's thought's on the Talent review? Is this a tool for upcoming layoffs? Because we know layoffs are coming... sooner or later.

Anyone know what the layoff package is at Schwab?

With so many employees who very openly say that they would like to be laid off, it is clear that something is wrong with the culture at Schwab. If I were the leader, I would be worried about it, but I don't think they care about it in the least... — read more