Thread regarding Charles Schwab Corp. layoffs

Hey OP you laid off yet?

Nothing in Lone Tree so far. Will let you know if something happens.

Post ID: @awz+1oPCZlzQ A little too ironic. Yeah, I really do think.

Its definitely going down next week. Mark my words.

Got info from reliable source. It’s coming Tuesday. Enjoy your weekend all.

@1rwa+1oPCZlzQ why are you saying it will start then and not end then? why did people say it would be this week not next week? why is anyone speculating at all?

because no one on this site knows and the transparency around it has been non-existent.

We found out it was happening literally months ago, and that was all the transparency there was.

Damn. I just got my exit interview survey also.

Not sure why people are circulating next week as layoffs week. It is going to start after Q3 call.

Hey first test is next Tuesday right?

Hope you all have a great weekend, and not think or worry about it till next week at least.

cant wait to see this thread tuesday afternoon regardless if it happens or not.

this is the last friday in september, next couple of weeks are about to be wild. We'll find out what speculations were on the money soon wont we!

@1itx+1oPCZlzQ
Your SVO is not going to get cutoff if you are layed off. You will receive a meeting request. Or your manager will just ping you in IM and have join a video conference on the spot. You will be notified, and read a script on job elimination, details of severance, and so forth. You will be allowed to send goodbye emails after the call. Don't know how much time they give you for that.

@1coy+1oPCZlzQ whoa there friend, easy with that logic and reasoning

Open enrollment for healthcare starts on the 10th. I’d think/hope they’d do it before then. Why torture us to make health care electives if we’re not going to be here anyway?

Everytime my SVO drops or struggles to connect I think

“Welp it’s finally happening “ and I start imagining what the severance package is gonna look like..

Maybe next week it won’t be able to reconnect… if only

So I still hear "hinting at layoffs", and "should happen in October". We all know this is going happen, and it is going to happen in October. Makes no sense for them to postpone past October. They want to get us off the books by end of year. They to make make sure the layoffs happen before RTO, to avoid any clown shows. It is going to happen in October, and it looks like it will happen sooner. If not next week, it will be the second week of October.

@1nqz+1oPCZlzQ I'm a different person in the same org but posted the clarification lol. Yes, it is the same talking points and just hints that there will be layoffs and reorg in DaRT. Another thing, MD also avoided the question "Will affected persons receive bonuses?" This tells us that the layoffs will have to happen in October to avoid the payout which has also been predicted but adds more support to that theory.

So, by announced, you mean relayed some information that is already known?

That’s the same announcement everyone has probably heard on all hands recently

To clarify for DaRT ( Data and Rep Technologies) the MD only raised the typical talking points about layoffs and no big news was dropped.

@1exc+1oPCZlzQ
Katie was hinting at layoffs but didn't provide any specifics on the layoffs.

Maybe I can believe that a small handful of people know when layoffs will happen. What I refuse to believe is that no one knows details of major team changes resulting from layoffs. Surely small teams under redundant/unnecessary people leaders will be moved. I would really appreciate any explanation of what that could mean if someone wants to say without revealing the team names. Like confirm if you are already aware of reorg where a team will be combined with yours or whatever.

I also taught Donald Duck!

@1ael+1oPCZlzQ I don’t think that’s something to go around telling people…

I taught some of the folks you call Leaders.

Announced today or happened today?

You all learned how to communicate from Schwab leaders didn’t you? Who needs clarity

DART announced some layoffs today.

Is this the RTODelayLeaker? If so then we should definitely believe this!

Let’s not allow petty squabbles to distract us from the true intent of this site

Speculating wildly….because a that’s all you can really do when everyone hears something different because EC doesn’t really know what “transparency “ means

Love the Schwabbie on Schwabbie violence. Are you proud of what you've created, Walt? 😎

Anyone with half a brain would know there's no such thing as an "explanation point"

Anyone with credibility wouldn’t use that many explanation points

It’s funny when people come here just to tell us that we are wrong…

Makes ya feel good, don’t it? You know something we don’t? Makes you special doesn’t it?

Can’t wait to leave this company

@1cxj+1oPCZlzQ Or do you know “a” date…. Not the date?

It’s wrong because I know the date.

How do u know it is wrong?

Wrong!!!!!! Stop throwing out dates because you are wrong.

If you keep throwing sh-t at the wall eventually some will stick.

glad I'm out of there then!

Governance meetings go quick with no architects there. 😂

Our all hands and governance is still on for Tuesday. Albeit nobody shows up for governance anymore since our principal architect was laid off a month ago. Isn't it ironic, don't you think?

@ang+1oPCZlzQ Funny how that happens when the decision makers are completely opaque about the layoff process.