#forcedattrition

They’ve made the conditions so difficult that we either leave on our own or stay completely miserable, and at this point it feels entirely by design. They’re not even subtle or creative about it anymore. What’s next?

Can we talk about how awful the company culture and military like the culture is at Schwab?

Along with the constant broken promises for career growth to employees feels fraudulent!

They have been playing all kinds of dirty tricks on employees to push them out aggressively.

Have PIP terms always been discretionary or are they shortening them just to force people out faster?

Anyone know or have access to information on how the terms of a PIP are determined? I searched MyHR and couldn't find anything transparent.

I thought 90 days for improvement was standard. Someone commented on a post awhile ago that their PIP was 60 days. My coworker just got put on one and she only has 30 days to turn it around. I'm relatively new to the team but from what others have been saying and my experience working with her, it seem preposterous. She's very knowledgeable and helpful and everyone seems to like her. She shared that she's never had a single performance issue previously and consistently received exceeds expectations annual ratings.

Sounds like a classic forced out scenario and if they can do it to her, they can do it to me or anyone, so I'm trying to find any reference material available.

Happening the 2nd week of December.
Start looking at conference room blocks.

• Likely on Wednesday.

I’ve heard the total reductions for the year will be around +20% company wide. - They have staggered them throughout the year to limit visibility. (Plants/Regions/HQ/removing open roles and now the great “re-org”)

We haven’t seen a WARN notice, so how might they be getting around it? (Please add if you know other ways)

Paying in-lieu of notice: Instead of providing the 60-day notice, a company may choose to pay employees for the 60-day period plus any benefits they would have received.

Forced attrition: Some companies may attempt to reduce their workforce by placing good employees on performance improvement plans (PIPs) with the hope that they will quit, thus avoiding severance and WARN Act obligations.

Notice +60: company may give notice on a predetermined day allowing for the 60 days to transpire with employees “transitioning” during this time; (so not actually going around the rules)

That's how it was done people... someone up your chain had to do this.

"Give me a ranking of your employees."

Be prepared, some groups are going away entirely and some groups could lose 50% of the team.

"You have 10 people? Make it work with 5." -- Dan

People, sadly, it doesn't matter if you're an excellent employee with great reviews and work ethic. Dan has relegated people to simply being a number. X number of X are getting whacked. I wish I could say this wasn't true, but it is.

Quick question:

Did all of the forced piped former BNY employees receive a "not eligible for rehire" tag on their employment file?

172 people let go. Some in hubs but many not. The indignity is they are forced to take a ple training to get their severance .

Be prepared because we all know this is happening even though they deny it. As a mgr i can confirm they are absolutely reducing teams 25% and behind your reporting mgrs back. Most of my team was entered to meet by me and all of them show below after i went in and looked. Im not delivering any reviews when i did not do this and cannot tell people why it was done. Beyond pathetic and unethical. Open up a case with HR and ethics. Im telling you anyone below will be fired without severance but with an active case they will offer you something to avoid a lawsuit

It’s here just to push out as many people as possible on the cheap. If I’m wrong, convince me otherwise. Give me one example of RTO actually improving collaboration, efficiency, morale, productivity, anything, really. All I’ve gained is more time wasted commuting and higher expenses. I balance out the idiocy of RTO by making sure I’m not available after hours. None of it makes sense unless you see it for what it is - a way to make people quit.

The question is, who is left to rif? Any news on rif calls going out week after next which will be a non-paycheck week? Or will they continue to make up more ridiculous work requirements to get the rest of us to quit or retire earlier than planned?

For those expecting a golden parachute, consider this a warning: the bank does not want to pay severance. They already stretched funding for layoffs this year, and the idea of generous packages next year is a myth.

What you will likely see instead is a rise in “inconsistently meets” ratings or worse. If you miss your 4x8 schedule targets or fail to stay “in the zone” with daily activity metrics, don’t assume it will be overlooked. Ignore this at your own risk.

The system is designed to keep you boxed in. Step the wrong way and you may quickly find yourself on a PIP and out the door. This isn’t about development—it’s about attrition. They don’t need to force you out if the conditions drive you to quit on your own.

And don’t make the mistake others have made by filing complaints during leave—you risk being terminated for cause. Right now, management is looking for any excuse to cut costs.

That’s the reality. Take it seriously.

Almost two hours wasted on the commute. On a good day. Feels like that was the plan from the start, to force people out without paying a dime. People mention real estate/tax incentives as the main driver of RTO, but I think it’s mostly about cutting headcount on the cheap. Everything else comes second. Time will tell.

The stricter RTO is just part of it. Eternal reorganization, months of uncertainty about what’s coming for each of us - that’s another layer. Teams are in chaos, handling workloads meant for far more people. Managers seem completely oblivious to anxious, restless, overworked, burnt-out employees. It’s all either by design or sheer disregard for the workforce. Either way, it might come back to bite them, as the best people are always the first to leave.

I’ve never worked for cheaper ba----ds. They’ll try anything to force us out so they don’t have to pay a dime. I’ve been through several companies, all packed with soulless management and cruel leadership using “creative” ways to get rid of people. But State Farm takes the cake - the harassment, abuse, and daily pressure here are on another level.

So many posts about managers stealing credit.

But what no one talks about these days is why managers are ONLY giving opportunities to individuals who are in the same region as themselves to show off while pushing high performing associates into oblivion??

Is this some some toxic tactic to frustrate associates into quitting?

How much of one of your last paychecks have you been pressured to give to UW?

They want us to quit with the mandatory shift bid! so they don't have to lay us off!

We are in for another round of layoffs for August.
The company has been slowing spreading them out so they don’t have to legally inform shareholder and follow the WARN act.
They are also making a mandatory Return to Office FULL TIME for 5 days a week. Anyone who doesn’t comply will be fired without severance package.
The next wave I’m also hearing, is those that don’t live near an office will eventually be told they have to relocate to a state/ location where an office is or they will be fired/ let go. It’s a way for them to save more money not having to pay out for severance packages.
With the recent departure of Chris W, it’s only a matter of time the new Customer Experience Officer / Sales Officer Chance replaces every single sales manager with the Street and Fusion leadership.
There are rumors going around that all sales positions will lose benefits and go to 1099 commission only.

You have been warned.