I mean I'm here for health insurance and the money helps pay bills other than that I have no interest in listening to any All Hands meetings, I don't even read any emails, I don't respond to any Alerts. I pretty much write BS in my performance review for myself and my co-workers, During 1:1s I am checkout. I am here for the paycheck. How about you?!
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@1xcn+1q10GgnH IMO I don't think any of the "survivors" really feel that is what they are - we've been told we'll have a much higher workload, they aren't backfilling positions (except in rare cases), they aren't hiring additional people, no advancement potential, no ability to attend conferences or gain certifications/education (only MDs), bonus will be cut, RTO starts on 1/2. Pretty miserable.
I literally worked from home and drank beers while watching sports, tapping on the computer to show I was there. At one point I went on vacation for a month and trained a gentleman with a ph. D from India who basically did my job in my stead for a few dollars. Will be collecting severance and then use the DOL and FINRA to get even more money for unpaid OT and lunch time infractions. Happy I keep getting paid by Schwab and will do all I can not to work again while Schwab continues to pay. I love America. Next I will be a Diversity and Inclusion Chief!
I was part of the layoff. I was really surprised by the depth of the cuts (~20% in my org) and the quality of the talent let go. It was a crummy experience, but I felt equally bad for my colleagues who remained. I am not really sure how "survivors" felt, but it's got to be tough knowing that hard work and good performance is no guarantee you will keep your job. I agree with another poster that severe damage was done to Schwab's work culture. It may be difficult to recover employee morale and teamwork, and the EC communicating from a management "bubble" is not a good idea.
I don't get the managers only meetings at all. My manager never passes on any information from those sessions... It is high time everyone is invited to those, so much for trust!
It’s sad but true. This is the environment that the EC has created. I really believe morale is beyond repair. To the point that the company would either need to be sold or the EC would need to be fully replaced to be back to pre pandemic levels.
You know it’s bad when Walt and Rick now only meet with people leaders like myself and do not include any non people managers in their meeting invites like the one this Friday. Also, if you want to ask a question you better believe your name will be tagged to it. No more anonymous questions allowed.
you're on a layoff site talking about being a slacker? Am I capturing that right??
I used to give work my all… every single day. After several lackluster raises and the layoffs/RTO, I just don’t see the point anymore.
I used to come into work feeling competitive and motivated to do my best. Now, I just skate by because there’s really no point in exhausting myself for no discernible reason. I still do well, but I refuse to go above and beyond for a company that doesn’t do anything close to that for me.
The company doesn’t care about us. They don’t care about retaining top talent (as evidenced by laying off a bunch of top performers). And it doesn’t matter how well you do because you won’t get the raise/bonus you deserve and you might get laid off anyways. Morale here is in bad shape, a lot of ppl feel the same way I do. Just sick of it all tbh, waiting to find a better job elsewhere
You are actually doing yourself a disservice - if you are not happy, don't set yourself up to get fired and then have no references. I'm taking this time prior to bonus to upskill, working on my resume, doing my job well and position myself to choose the next job and be selective in doing so (though yes, when I see something I would love I do apply now). After I collect whatever fraction of a bonus they deign to pay, I'm full on moving on. You don't want to get fired and have to scramble to get another job and end up where you are today. Use any available resources to upskill — get whatever designations, courses on the company's dime (when possible b/c they've been pretty clear they won't be spending $$ on professional development outside of the "Grow with Schwab" HR platform (at least in my org)). I do a good job for myself, my colleagues, clients, and my resume, not the company. I'm pretty vocal when asked about my opinion on everything going down, but I will still work hard because I'm looking at my next opportunity, not advancing at the current company (which we've been told is no longer a possibility).
That’s a sad existence pal.
The Bobs would be proud!