Could you have imagined we'd be where we are right now just a few years ago? I couldn't. I loved my job. I'm not exaggerating, I literally loved my job. And today all I can think about is how to get away. It makes me sad how easy it was for those leading this place to ruin something that was good for so many people.
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Not the person you were replying to, but I appreciate the encouragement. Before being at TDA, I worked at an insurance company and bank that had a similar culture. Very risk averse, more rigid processes in place to CYA. That company recently had layoffs I read also. TDA didn't have a bank, so never got MRAs from the Federal Reserve Board like Schwab does. The auditing level at both my old company and the blue side is way higher, which slows down agility and frustrates pragmatists, but is ultimately safer if the consequences of a less competent person doing something they shouldn't is extremely high. Maybe there is more toxicity recently like others mention, but the starkest culture difference IMO in contrast to green is due to the bank. TDA started out smaller, scrappy, and willing to move fast to offer things the bigger guys couldn't, and not having a bank helped.
@2sgb+1rvHn2ur ever think that's why they bought us? It sure doesn't make sense to buy something worse than what you've got
And how's that working out for you?
@1Yqmn+1rvHn2ur
worse in every single category yet Schwab bought TDA..
@1qmn+1rvHn2ur I feel sorry for you TDA folks; and I thoroughly enjoy working with my green comrades. Clearly, you come with the spirit of getting stuff done and are much more technologically “modern”. Unfortunately, we all know how this all plays out; the handful of good apples put into the basket of rotten apples are soon turned rotten; and the apples that refuse to capitulate are soon plucked out and thrown away.
I’m silently cheering you all on and optimistically hope you all can replace much of the “old guard”, and save us from ourselves.
Amazing from the TD perspective. Coming into Schwab was like going back in time technology wise at least a decade. And management wise a few decades. Just completely behind the times in all facets.
I can't think of a single thing that is better about Blue than we had at Green. Not one. It's worse in every single category.
Great comments! I couldn’t agree more!
Too much short term thinking and buzz words chasing. A lot of times I feel like I am working to build some leaders resume as opposed to solving an actual problem.
Great point! Where is Chuck? MIA for long time now. Did you see the Leveraged buyout of some of his stock? SEC filing in January.
I agree. A few bad decisions by the Pr1ck$ in the ivory tower has them running scared to save their own a$$'s. Because of this we all had to pay with our jobs or the joy we used to have performing them. I've been here a long time and never has the overall vibe of the place felt this terrible. I think it will take a house cleaning at the top to ever turn this thing around. I wonder if the board will have the ba--s to do so? Also, where is Chuck? I guess he's too old now to weigh in on the current situation? He can't like what has happened to the company he started.
Cannot agree more! 2 years ago I couldn’t wait to go to work; and now I dread it. Every day is a mix of toxicity, malaise, indifference, negativity, chaos and orneriness; but I cannot blame any of these people, we’ve all been beaten down equally.
Stack on top of this is the weekly gaslighting and empty gestures of the EC that only continues the cycle of mental beatdowns.
And, as if this isn’t enough, the constant worry of being part of the next layoff chews away every day. I’ve never had a job where I thought more about simply surviving more than foreseeing my future with the company.
Truly amazing and sad that this 180 took less than 2 years.