Thread regarding Charles Schwab Corp. layoffs

Please be ready (for whatever happens)

Changing gears, because a lot of discontent is being thrown around here and although i dont agree with what is going on with the org, i have spent the last few years helping my peers out whenever i get the chance. TLDR version: be ready for anything, and prepare yourself/your team for whatever happens

IF IT DOES GO DOWN:
Know that it isnt just layoffs, it is being labeled as a "disruption". there will be job and team re-alignments so even if you didnt get let go, you still could be impacted with a new leader, a new team and maybe even new job requirements. Be prepared for this change that comes and ask yourself "if my job changes, do i want to stay?"

AFTER IT GOES DOWN
Aside from re-alignment, there is another disruptor on the horizon come january 2nd. If you are okay going into the office, thats fine. However understand a lot of people within the org are not, be it for personal or professional reasons. Maybe their entire team is in another state, and the idea of spending time in traffic twice a day just to sit on video calls doesnt really motivate them.. So, even after the dust settles from the first disruption, will you want to be here after the second?

THE BEST TIME TO START WAS YESTERDAY
If you do see the company changes not being something you want to be a part of. Please, start now. The job market is tough, and come november december it will get tighter (not a lot of hiring happens round the holidays). Interviewing will become increasingly difficult come january when you are in office and cant really sneak away for that 45 min video interview like you can now. SO brush up that resume, update your linkedin and use the downtime to get your name out there. Take control of your career future, dont let the company dictate it for you.

DO IT FOR YOUR TEAM
Not going to use any buzzword here, but dont give up on your job. Not for the company, or walt or ANYONE responsible for the atrocious way they are handling this whole thing (RTO and Layoffs). Do it for your friends and coworkers. Because the less work you do now, the more you slack off, the more work they will need to do later. Make sure your team is set up for success whenever you go be it voluntarily (like what OP is trying to do) or if involuntarily (which OP is most likely going to have done). Because some people might stay, whether it is out of necessity or desire. They will be here when you are gone and picking up the pieces of what is left. Keep doing your job for them.

It is a friday. Go into the weekend and put this out of your mind. Come in monday and start making the moves YOU want to make, and dont let the company make them for you.

Best of luck everyone.

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| 2284 views | | 13 replies (last September 23, 2023) | Reply
Post ID: @OP+1oJnLlLr

13 replies (most recent on top)

@1pti+1oJnLlLr Rapture is an apt analogy. The saved will ascend to a better place while the ones who are left behind will deal with plagues and suffering.

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Post ID: @1dsu+1oJnLlLr

@bfv+1oJnLlLr Next earnings call is 10/16/23 — the day before the day that I speculate will be the Rapture - Schwab Edition (or reverse rapture, depending on your POV). % of employees will just disappear. That is also the day that there is a training entitled "Moving Out of Uncertainty and into Growth" - hmmmm.

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Post ID: @1pti+1oJnLlLr

@ifk+1oJnLlLr I specifically asked someone who knows if the goal is for directors to be people leaders only and was told no. Didn't specifically ask about demotion. They should go back to the way it was before — Directors are IC, Managing Directors are people leaders who are directors and upward from that are VP, SVP, EVP. Would make everything much less confusing….

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Post ID: @1ycl+1oJnLlLr

When is the next earnings call?

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Post ID: @bfv+1oJnLlLr

Also heard rumors that IC directors yo be demoted…. Any confirmation? Or just rumor?

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Post ID: @ifk+1oJnLlLr

OP: I’d be glad to be on your team. You sound like a great person.

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Post ID: @ntt+1oJnLlLr

This is the best post I’ve seen yet. Thank you.

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Post ID: @bbe+1oJnLlLr

FIRST, Fire the people who sent those stupid emails. Utter nonsense.

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Post ID: @stl+1oJnLlLr

Pro-rated bonus?

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Post ID: @rjm+1oJnLlLr

This was a good write-up. I do confirm that discussions about org-design are quietly starting. At this point, it's early and, as far as I know, they don't extend beyond collecting data on who works for whom and who is being paid out of what bucket. I imagine this will translate into fancy pivot tables used by HR/ MDs.

I am convinced that in addition to lay offs, there will be org changes including

  • You may have a new boss
  • You may no longer be a PL and become an IC
  • You may be on a new project (if your current project loses funding)

Like OP said " be ready "

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Post ID: @thg+1oJnLlLr

idk if yall got what he was saying... homie was telling you geat ready to GTFO and dont be a d*ck in the process..smh yall the boomers

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Post ID: @yph+1oJnLlLr

BS

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Post ID: @njp+1oJnLlLr

You lost me at do it for your team. I love my team but I don’t work for them and have no obligation to make anything easier on anyone when I leave voluntarily. I work for a company treating us all like absolute garbage so garbage work and attitude is what they get. Rest of the advice was good though

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Post ID: @atn+1oJnLlLr

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