Was anyone’s bonus or merit (should be going out in the next week) valuable enough to consider staying another year?
18 more days to go
Just 18 more days to go folks. Mass exodus.
18 more days to go and counting
Already starting to interview. 2 weeks notice not absolutely necessary.
New RTO Date
So looks like we have a new RTO plan…but I doubt it’ll stick, either due to mass attrition or a new variant (or both). Good luck with that Schwab.
Move to another department
I thought moving to another department would be a lot easier than it turned out to be. I am quite disappointed and would now prefer to leave Schwab. Is there anyone here to share their own experience with moving to another department?
Director was cut, new position posted
Job details Salary $139,000 - $278,000 a year Full Job Description Your Opportunity The Director will serve as the Strategy Lead for Enterprise Communications of Regulatory Experiences, which manages the digital platforms and experiences for... — read more
Large round of layoffs coming in a week, at least 400+
Revised schedule and numbers.
Let's get real
When I read some posts here, there seems to be no worse place than CS and it is ideal everywhere except here. Come on. I know people who have regretted that they have left. Of course, I also know those who are better off now. However, we should be... — read more
Nobody cares anymore
People have lost motivation and drive to do anything other than what they absolutely have to. I can't blame anybody for it, after years of mistreatment by management, nobody in his or her right mind would still want to give 110% for a company that... — read more
Today’s One Schwab Gem
I HONESTLY believe we will miss the CD1 MILESTONE because Schwab is a PIONEER in managing the most incompetent organization. EVERYONE in leadership is d-mb. You dummies disengaged green and now you want to re-engage?
Can't wait until the bonus payout. Then all the whiners will finally quit!
Or will they? I dare ya.
Sugarcoating doesn’t help anyone
I wouldn't want to generalize, but it always surprises me over and over again how some managers are very successful at sugarcoating the facts. Is it part of their job? It shouldn't be. I don’t think any manager is better just because they are nice... — read more
Looking Through Client Eyes
Sick and tired hearing those words. Nowhere does Schwab mentions employees and their wellbeing. As if only clients are important, but not the employees. Sure, we receive thank you here and there, sounds hollow. Why are we not important to Schwab?... — read more
Employee Survey… how did you answer?
Who filled out the Employee Survey? My department had to waste more than usual by calling a meeting just to ask everyone to answer positively since last year’s responses were so low.
Breaking News: 'The Power of the One' leads Oscar field with 12 nominations
Oops, it is 'The Power of the Dog', well, we work like a dog
When will TD integration be completed?
What is degree of confidence that CD1 will be completed by next year? Seems like we aren’t making much progress.
No cuts are needed
I don’t think any cuts are needed given how many people are leaving and given how many people intend to leave. In the past two months, more of my colleagues have left than ever before. So I can't believe that cuts could happen soon? That would be a... — read more
Huge round of layoffs coming in 2 weeks, at least 700+
Huge round of layoffs coming in 2 weeks. Brace yourself. This is mother of all hurricanes. It is the 9.0 richter scale of earth quakes. It's like larges piece of bird manure ever hitting a major turbo fan, spanning everywhere. Getting into you... — read more
One Schwab Week
Did anyone else “register” for that? It seems like a waste of time. I’m not sure I really care to hear what Chuck and Walt think given how so far removed they are from anything we do or experience.
Healthy snacks! Table games! Carbonated water!
Omg the email about “improved workplace” cracked me up. This is seriously the most penny-punching company ever. We already had all that stuff in my office, and still no one wants to go back… and anyone leaving for a remote job knows that what they... — read more
STS is the best place to work
If you are into technology, and enjoy being lead technology leaders that have vision, then STS at Charles Schwab is the place for you. Great compensation. Flexible work hours. Exciting work. Empowerment. Apply today to Charles Schwab and make a... — read more
When did Schwab become this toxic?
Ten years ago when I left for a position that offered more pay it was still a good place to work with good culture and work environment. I recently returned having mostly positive memories of this place and I can't wrap my head around how much things... — read more
Distinguished Engineer title
Who do I have to blow to get a Distinquished Engineer title?
Supreme Court blocks Biden Covid vaccine mandate for businesses, allows health-care worker rule
https://www.cnbc.com/2022/01/13/supreme-court-ruling-biden-covid-vaccine-mandates.html
What is your biggest complaint about leadership?
I know that some will now say that have many objections, not just one. Those at the top are perhaps too destructive. I also wish we would get a new leadership, but I'm afraid it's just wishful thinking. I think that in any case I will leave Schwab... — read more
When will 2022 Layoffs at Schwab start?
We know it's coming, right...
Does Schwab HR Exist?
Have a HR question? Submit a case. Question about change in benefits? Submit a case. Employee dies, submit a case. If you ask 5 different people you will receive 5 different inconsistent answers. You try to search the Schweb or myHR and you... — read more
Waiting bonus to leave?
I wonder how many such cases are there, people who are just waiting to get a bonus before they leave. I think there will be a lot of resignations, judging by my colleagues' comments. I am also just waiting for the bonus and then goodbye CS.
Why not just move on?
I left Schwab recently. I’m happy I did, but it’s not as bad as people a few voices on this forum make it out to be. Yes, there’s lots of confusion with the merger and yes, there are groups where it sucks to work. But its not all groups If you... — read more
Schwab needs to move on from Simon
His lack of vision and leadership are the main reasons STS has been stagnant for years now. Well before covid and TDA. He lacks vision and awareness of the modern workplace and his own org. Schwab technology needs a better leader to drive change.
How many managers are redundant?
There are too many managers, too few leaders. I do not believe that the number of managers here will ever decrease significantly, but I wonder how many of them do you think are redundant at Schwaab? Someone said if 300 project managers were cut... — read more
Will 2022 be the year Schwab becomes Teal
Will Schwab really attempt to bring two cultures together and become teal or will they dig in, remind green that they got bought and then turn darker blue?
Rejected WFP Request
Did anyone else get their request to work from home 70-90% rejected? My position requires a license. But the information provided said as long as it’s not the 9/10. All metrics and progression were reached for every quarter this year. There was... — read more
Reasons to reorganize
There are many who argue that the CS should be reorganized without delay. There are also those who think otherwise, of course, but I am primarily interested in what are the arguments for the reorganization of those who claim that it is necessary... — read more
Any other employees/former employees taking money out?
I transferred all of my money (admittedly this is a pittance) out of TD Ameritrade and put it into a new brokerage account. Planning to do the same with my slightly larger pittance at Schwab eventually. Moved out of TDA because I don't have a lot of... — read more
Any new rumors on layoffs?
Anyone hear what may happen in Q1? Any plans for further cuts, or is this it given current attrition rates?
How large a retention bonus would keep you here?
How large does the retention bonus need to be to make it worth while to stay whether you accept the Schwab date of Fall, 2023 for clearing conversion or the dates presented here (2025 or so). Someone asked this great question on one of the... — read more
Congrats to Simon!!! You won!
CD1 is all on you. We have faith. With your excellent leadership team, you will certainly deliver on time and on budget.
Scarpati OUT
Another TDA leader has had enough. Such a shame...
RTO Meeting for Leaders today
Can someone please respond to this with some details on what's mentioned on today's call? I'm sure Schwab will just carry on like nothing is happening but I think we would all like to hear any details mentioned