…any updates on August?
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From those that may have already been through this last round that are here... how does it work when you are telecommuting? Does your manager schedule some meeting with you, and HR is also present, and then they notify you? Is there some agreement you need to sign of acknowledge? How do you return your equipment? Appreciate any insight into this process if you can share. Thanks/
Managing Director here. Not just Director. And I am a Managing Director that loves "steak sauce". Get it? Steak sauce. As in A1. Layoffs will be on August 2nd. Not July 26 as what the other wanna be Directors are saying. Probably more like a Sr. Manager. Or a Specialist.
I hope they pick me too. I would love a nice exit package before we transition over to the worse Schwab standard severance package.
@isgf+1bw2IoKU Well I was one week off - they are happening next Monday, July 26th. Gosh I hope they pick me.
They layoff on Monday - happened to me in May. They won't give you advance notice just need to try and read between the lines. If they are making room for a TD employee they most likely will be getting rid of another employee.
Calling bull. Layoffs at Schwab are never on a Monday. Munday, Toosday, Wesday, ..... There is as much chance as the August layoff happening on Monday, as Trump will be re-instated as President in August due to the election ballot audit that is going on in Arizona an Pennsylvania.
August 2nd. Not a huge wave. And see previous threads if anyone tries to BS you that they don’t do it on Mondays- I’m 3/3 so far.
I heard the next round was accelerated to end of July/first week of August. Not sure where impacts will be. Rumor mill only though.
Schwab is busy migrating as many of the TDA systems over to Schwab and that takes a lot of time and planning. It would make sense that layoffs on the TDA side would occur as the systems are transitioned over. If your bane of existence is reliant on a particular TDA system, they won't need you for that role any longer. It doesn't mean you can't transition into something else. The same thing would happen if TDA replaced one of it's own system that you supported. If you want to see the future, find out which financial systems are scheduled to be completed.
More likely means there were swaths of people that left so there isn’t urgency at moment
The word is there won’t be any layoffs in August due to the incredible amount of integration work going on. So if that holds to be true, we are getting some short reprieve. I also hear Trump will be reinstated in August too.