Thread regarding Charles Schwab Corp. layoffs

Someone please remind me why RTO is GOOD for us?

Every time I take even more than 10 seconds to think about it I just get angry. Walt made some comment in a town hall that they internally have the data that shows "we" are more productive in the office, but of course didn't share these figures.

It's crazy that Schwab is an outlier in this when multiple studies have shown that WFH does not decrease productivity and can actually improve it. Not like we just handled the biggest merger ever from home, or anything.

So let me get this right, I get to;

  1. Spend 1 hour + of my day driving
  2. Spend more money on Gas and Vehicle Maintenance
  3. Have less time to see my family throughout the day (including my pets, poor dog is used to going outside on my breaks to p-e)

All to make some dude who doesn't care about me happy? To stroke his ego?

Oh that's right, it's because of "culture". Well, I'm not here to sit by the water cooler and gossip, I'm here to do my job. I don't think anyone even has time to do anything else because we are drowning in the amount of work we have.

Actively seeking a new job, wish the best of luck to you all.

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| 2292 views | | 13 replies (last January 5, 2024) | Reply
Post ID: @OP+1qoyGsQt

13 replies (most recent on top)

@2nzy+1qoyGsQt - me again.

Forgot to add. Remote jobs do exist. I think you just have to learn how to read job postings in full. Job descriptions disclose the definition of "remote" because I guarantee, recruiters do not want to waste their time.

I actually have found fully remote positions and will hopefully have an interview lined up for one of them once the recruiter is back from vacay.

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Post ID: @2bgl+1qoyGsQt

@lry+1qoyGsQt

I've been job searching for the past 6 weeks (I took some time off after the layoff). And yes you're technically right, but as I speak to recruiters there is flexibility. One recruiter told me that they are hybrid but don't require you to come into the office. It's more elective. And you know what? If I get the job, I'm totally going in because that's just, really nice of them. And I want to show my appreciation by being in-person somewhat regularly. Also, some jobs are in office/hybrid but remote eligible after a certain period.

So while you're right, it's not always as strict as it may seem initially.

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Post ID: @2nzy+1qoyGsQt

I agree with everything @gag+1qoyGsQt wrote but I'll add: for the EC and their generation, all you had to do was "schmooze" your way up. Can't do that via Teams or Webex - that's why they say "you will find it so hard to advance if you are remote." It's because THEY don't have the skills to connect with people and be promoted for their accomplishments and not the number of hands shaken, cocktails drank. The atmosphere has gotten so heavy — when I first started over a decade ago I loved it. The people were great, you could actually bring an idea to a senior leader who would listen and say "run with it." Not any more. Senior leaders have distanced themselves from the "fray" and ICs are no longer even invited to the Town Calls (not in person anymore) with Walt & Rick. No longer is it client and employee-centric, but instead 100% shareholder-centric. "Talk to Chuck" gives way to "win-win monetization." It's all just sad — surveillance cameras (oh sorry, speed cameras) set up in the parking garage - so, corrective action for going 2 over on 3 occasions? Or will I get an email asking why I left work at 3pm? We've been told no more backfills, forget about advancement, only professional dev will be an AI chatbot while MDs are the only ones eligible for certifications and conferences. If I am sick on an RTO day - do I have to use my 1 week/quarter if I'm well enough to work, but contagious, go in and infect everyone, or use up my sick time and not work? What happens in February when we know the ice storms will be hitting and Schwab decides not to close? Before the pandemic I could easily just WFH. Now? With this "hybrid flexibility" am I forced to decide using up the little bit of PTO they provide or white knuckle it for an even longer commute? It is so disappointing that the real estate concerns, etc. could have been easily solved for while still providing employees greater flexibility. The least they could've done is honor the 25% they said could get their WFH requests approved - think the actual number was less than 1%. That is what people mean by "no transparency."

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Post ID: @1jmt+1qoyGsQt

@dkz+1qoyGsQt - This is the guy who used to tell the teacher they forgot to ask us all for homework over the weekend lol

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Post ID: @mte+1qoyGsQt

Don’t forget those Thursday team meetings where (at least in my case) I get to watch my direct manager and 40% of my team enjoy full remote. Great for morale and team building when a huge portion enjoys a massive benefit while the rest are punished.
“But but but there won’t be any new director positions opening up there!!! It’s all evens out guys see?”

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Post ID: @yui+1qoyGsQt

What a sad life coming on here bashing people about venting on RTO

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Post ID: @spi+1qoyGsQt

Hahahahha all you babies finally have to go to work! Hope the tears don’t prevent you from working. Those queues are backed up…get to it!

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Post ID: @dkz+1qoyGsQt

Of course they have the data - they tracked your keystrokes when you were in the office but don't want to reveal their source :)

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Post ID: @ncz+1qoyGsQt

Just arrived at work, they took away the decent coffee and the cheap soda. I used to think they didn't care, now I'm finally convinced these a--holes want us to quit. Schwab su-ks.

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Post ID: @zst+1qoyGsQt
  • hybrid work is the new normal.

I have been applying to jobs for the past three months strictly seeking 100% remote work. Everyone of them is requesting hybrid (2/3 days onsite) even though the job postings were tagged 'remote'. Just be aware of this before you sh**t the bed. I am still looking but starting to lower my expectations for 'fully remote', and instead focusing on proximity to my home ( Westlake is an hour's commute for me)

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Post ID: @lry+1qoyGsQt

It’s not…and to BT on my team, YOU might like going in, but that’s because you hate your wife. Just get the divorce already and stop being that guy who has to talk about how he loves going in.

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Post ID: @qee+1qoyGsQt

Some of us aren't going in.

This is about commercial real estate values, getting employees to resign and avoid severance, and concocting an excuse for poor corporate performance.

There's also benefit in reducing the amount of time you can be upset about politics and corporate benefits, along with secondary spending including gas, clothes, lunch, maintenance, child care and parking, as you noted. Those benefits help companies get state and local tax breaks and incentives. There's some ego, but most of this is economic.

As to the ego part, it is pathetic.

We proved we could be productive remote. Those who aren't can go in or be managed. Real leaders would build employee strengths. They'd provide data and reasons to cultivate alignment. They wouldn't be one-size-fits-all.

Getting criticized in Davos or trying to get a bigger bonus? Pathetic. The EC should be ashamed, but we know that isn't happening.

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Post ID: @gag+1qoyGsQt

You literally speak for 90% of the workforce.

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Post ID: @gkh+1qoyGsQt

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