They trivialize how difficult this integration is. Green was at a whole different level when it came to supporting the active trader segment in features, performance, experience, support…list goes on and on. Blue systems are not ready for that... — read more 

Is anyone happy about the bonus situation? I was surprised, but not in a good way, when they left “green” percentages the same. Makes sense I guess as then they don’t have to raise our base. But now I’m getting $1K per quarter when I used to get more... — read more 

anyone have insight on when data centers will be shut? trying to figure out when I need to start looking for a new job. really hate the vendor that they brought in to run things. they take shortcuts and escalations to senior management fall on... — read more 

What amazes me most about Schwabtards is the arrogance. They think that Green side is bitter. No, we’re just disappointed that we weren’t given the opportunity to make Schwab great. TDA did everything better than Schwab on tech side, with way less... — read more 

Many say Schwab can't afford to lose more people, at least not for a while. But is that really so?

There is a lot unknown about omicron. Are going to be full steam ahead and lets get everyone back in the office and party like we don't care?

What is the sentiment on if Schwab will be able to finish the Ameritrade integration by 2023? Are things on track?

Schwab's transitioned to a new bonus structure as a % of base salary. Existing employees have their bonus % based on where they are today. However standard rates have been set for future hires that in some places exceed existing employees % bonus for... — read more 

It’s funny to me when people suddenly complain that they’re overwhelmed with work here, because I’ve been overwhelmed ever since I came here more than 10 years ago. The only thing is that I love my job so I didn’t complain much about the amount of... — read more 

If Schwab wants to keep the best people, perhaps a double digit raise would slow down the attrition. However, this is not realistic to hope for, so it is quite clear that this will be soon become a very different company made up of completely... — read more 

What are your thoughts about potential Charles Schwab layoffs? Any chatter, news or rumors?

What is the overall vibe you’re hearing on if people are going to return to the office or leave before that ever happens?

These days I’m a little nostalgic when I remember what it used to be like to work here compared to what it is today. Who would have thought a few years ago that today this would be a company where mediocrity is more valued than those who really... — read more 

Guess my prediction held… just got a note from my MD about a single layoff in our area, and a ping about an unexpected one in another area. Seems to be long-tenured folks mostly. Let us know if you hear of/see anything.

So we’re getting close to year end, and it’s been radio silence about any sort of comp discussions. I keep hearing November/December, but I also don’t see many of my colleagues waiting to find out how much/little Schwab plans to bring to the table. — read more 

Advice to all young employees who are eager to prove themselves here----- the fact that you are overwhelmed with work gives you a false illusion that you are in high demand and trusted with a lot of tasks. It's a trap. It may be good for your... — read more 

Title should say it all. Good luck everyone.

11/15 is the confirmed date. Several hundred will be impacted. Coverage across both Green and Blue.

For now, I am satisfied with the pay, but the general atmosphere is such that I very often want to work in another bank. If the atmosphere was at least a little better, I think many who are leaving would choose to stay a little longer. I am... — read more 

If you work in technology and are concerned about being laid off from Schwab...don't! It's a sellers’ market. Calling Schwab's ethos for technology solutions (both internal & client facing) archaic is not an insult but a statement of fact. Schwab... — read more 

I don't like the current situation here, but I still think that those predicting a very gloomy future for Schwab are exaggerating a bit.

Would anyone care to share what the pay rates for the most common roles are at these days, and how those stack up against Robinhood/Fidelity. Licensed or unlicensed - either would be good to know where we stand in the marketplace. Schwab Blue - What... — read more 

I just want an exit package. Please push me out and pay me something. I don't want to be a part of the future of Schwab.

We haven't seen the worst of the attrition. If I were a betting man, I'd bet on mass exodus in March-April. Retention and/or integration bonuses beyond that won't matter. The company is tone deaf and the talented ones know it. Talent is leaving and... — read more 

Looks like November 2nd is the next round of layoffs. Don't have exact numbers, but expect several hundred will be impacted. No word if it will be blue or green heavy. Will post more details as they become available.

I have not inquired in more detail but is it true that all our direct competitors are offering far more generous WFH policies? Maybe Schwaab could try to catch up a bit with the competitors because in case that is true it will not be a surprise if... — read more 

They are making it seem like something it's not. They are preaching flexibility but have again changes the wording on the program. Now they are forcing those who are already full time telecommuters to become part of the "flex" program and return to... — read more 

WFH is a great benefit in that more time is given to producing the work than having to get dressed and fight traffic to get to office and back. You do save more in terms of gas and car maintenance. However, beware that people who work remotely can be... — read more 

It's becoming Schwab green verses Schwab blue. Entire groups are being moved into TDA management without any communication. Directors are putting of walls. Lots of unknowns. Rumors. Again, no communication. Lots of lying. Everyone on the Schwab side... — read more 

I would work overtime every day, for nothing, just to not be in the office and keep working from home. I don’t believe there is anyone who looks forward to fake smiles in the office.

Can Schwab do something to stop all my best colleagues from leaving? Maybe they should first examine why people are leaving in the first place? Everything that leadership does in this regard is not effective. This has already become awful. Some... — read more 

Title is quite comprehensive.

Someone might say I'm a cheerleader, but I'm not. It's just that before I came here I worked in a company where working conditions are much worse. For now, I would like to keep my job here and I try to be a good performer. However, despite all the... — read more 

Title says it all. The number of people I talked to that are still unvaccinated is insane. None of them volunteered for early RTO, but the number I know, and reasons they gave make my hairs stand up.

Has anyone heard of any new rumor or has any new information about layoffs to share? I don’t have any info on cuts yet but I’m preparing for all the possibilities as the quarterly results get closer. I hope there won’t even be a need for them given... — read more 

Yet another one of the best performers is gone. It didn’t surprise me too much because it happens all the time that the best ones are leaving. I just wonder what kind of company this will be become when people who are now the best performers... — read more 

It’s an open secret that there’s attrition in the financial services industry. Those that left Schwab/TD on their own accord, why did you leave? For TD specifically, what caused you to jump elsewhere?

Can someone explain?