Thread regarding Charles Schwab Corp. layoffs

They are bleeding out STS

My God everyone in STS is stretched out to the max. Teams are being asked to do more at 70% to 50% capacity. My team lost half of our engineers and the workload keeps getting worse. We were told today no more overtime but we have to work more than 40 to make ends meet. There's no way I'm hanging in for the duration of this madness. We get no support, no help, the service desk is the worst it's ever been and nobody cares. This has become a toxic environment with apathetic leadership. I've been here ten years and I'm out. Just had an interview today and I urge others who are frustrated to do the same. Regardless of what they tell you there are plenty of jobs out there. Good luck to everyone

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| 2453 views | | 17 replies (last December 21, 2023) | Reply
Post ID: @OP+1q6bX20E

17 replies (most recent on top)

Don't work more than 40 hours unless you are salary and they are paying you really well.

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Post ID: @5thx+1q6bX20E

TOXIC comes from the top down!!!! The people at the top are what is harming or ruining the environment from their mismanagement - which is typical Schwab - probably looking for a company to scoop them and their BANKS up!!! Especially since Charles is no where to be found

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Post ID: @2raj+1q6bX20E

Rick really said all the MODERNIZATION will stop - what kind of company is he leading - if you don't continually keep up you are SOL - are they looking to be bought out? Which may be one reason they want the stock high???? Really

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Post ID: @2vum+1q6bX20E

@1zak+1q6bX20E like Rick said in all hands mtg, all the STS modernization projects will cease EO 2023, it is all maintenance from there on. I feel for my bros and sis' on and offshore. Please take your time to upgrade your skills and be ready.
I wish you and you families best of luck and blessings.

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Post ID: @1xjp+1q6bX20E

Lol at offshore being an option. They are horrible. There's no accountability, no communication, terrible structure, and shady tactics. If Schwab goes that route customers will be severely impacted

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Post ID: @1rme+1q6bX20E

Anyone not expecting an outsourcing of STS under Rick is missing the plan.

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Post ID: @1zak+1q6bX20E

@1vuq+1q6bX20E
Just think what if she had joined your team, you may have not learned a tool .
Now you can use here is scape goat, ship anything which you cannot do to here :)
I have learned this trick and tick from Schwab

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Post ID: @1fwn+1q6bX20E

@zyd+1q6bX20E One of the contractor testers they wanted me to work with didn’t know how to use JMeter so I literally had to learn it and coach her…

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Post ID: @1vuq+1q6bX20E

Offshore is ridiculous - there is no way they can push all that over there - they don't know which way is up

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Post ID: @zyd+1q6bX20E

Average So called Manager of Desi Tech company, going around MD's who are hit by layoff.
https://img.memegenerator.net/instances/14843548.jpg

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Post ID: @uww+1q6bX20E

STS after Outsource there process
https://img-9gag-fun.9cache.com/photo/arnOXnX_700bwp.webp/

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Post ID: @ese+1q6bX20E

Meme image for STS
https://www.reddit.com/media?url=https%3A%2F%2Fi.redd.it%2Fkg1zjzfy1n6c1.png

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Post ID: @cby+1q6bX20E

Keep an eye on where your high level folks sit, have they moved locations, have they sold a house or bought in a new location, easy to look up, especially if you know someone in real estate. Things are shifting, keep an eye out and keep us posted! Maybe not the high level folks, but those associated with them it happens with first!?

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Post ID: @wvq+1q6bX20E

I know a good company man over at TaRGET that will lick your ice cream cone. I don't blame any of them at TaRGET, it just doesn't get talked about much, because they are all too afraid and make too much dinero to make waves.

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Post ID: @inj+1q6bX20E

If they end up outsourcing most of STS to offshore resources I would be afraid to be a customer. Most of the time offshore support ends up screaming they need help from a senior onshore member to restore whatever happens to be F'd up that day.

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Post ID: @won+1q6bX20E

I mean, look at how the offshore numbers have grown.

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Post ID: @ncx+1q6bX20E

To say STS is toxic is paying it a compliment. If I didn’t know better, and I don’t, they’re plotting an implosion to legitimize shipping the entire thing offshore.

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Post ID: @hoj+1q6bX20E

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