Thread regarding Charles Schwab Corp. layoffs

Welp…here we go again!

Hiring freeze in place a/o today - email coming soon. Will it confirm the next round?

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| 4191 views | | 20 replies (last December 2, 2023) | Reply
Post ID: @OP+1pPqTQvg

20 replies (most recent on top)

Can someone add a bit more detail of what the email said? Thanks

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Post ID: @3wjy+1pPqTQvg

All jobs posted are 100% on-site. Only a matter of time before we are all back in 5 days per week.

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Post ID: @2fmv+1pPqTQvg

There were restrictions but now even those that were approved are getting canceled with very few exceptions.

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Post ID: @2sjq+1pPqTQvg

Someone made a comment in this thread about those who were let go getting severance pay and going forward who knows? Well my opinion is they will use this upcoming review period to weed out some people without a package. Predicting a lot of surprise met some and does not meets come March.

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Post ID: @2gbh+1pPqTQvg

Friend of mine just got hired so freeze is only for low talents

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Post ID: @2tcl+1pPqTQvg

I thought this was kind of already in place and every requisition had to go through an MD’s approval?

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Post ID: @2lcr+1pPqTQvg

@1udg+1pPqTQvg
It does and it has been prohibited for a while now.

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Post ID: @2xqv+1pPqTQvg

I got email from a recruiter just the other day (Monday 11/27)


POSITION: Technical Support
LOCATION: [removed to protect my location] United States
Duration: 12 months ++

Your Opportunity:
This is a entry-level position with the Desktop Support group of our client., and will focus on providing real-time support for technology problems and fulfillment services (move, add, or change requests) for our Schwab internal customers. We are looking for an enthusiastic candidate who enjoys a fast-paced environment, has great customer service skills and a "can-do" spirit.

What you'll do:
Work with a team of Desktop Support technicians in one of the service centers at Schwab with over XXXX users. System administration of Windows 10, Windows 11 and Mac OS X desktops and laptops. Provide hands-on installation, troubleshooting and technology support for desktops, laptops, monitors and personal printers.
Also required to provide phone support and remote assistance as needed.
Deploy and reclaim computer equipment [from the recent WFR, haha!] which includes maintaining asset management database with current status. Document work in various tools. (Remedy, Clarity) Provide excellent customer support to Schwab employees. Work at multiple sites. Flexible Hours 8 -4:30 or 8:30 - 5:00

Kinda crazy - the ink is not even dried yet on my Seperation paperwork.

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Post ID: @1lzd+1pPqTQvg

Thanks OP for the information. I love this board because this info leaked on this board before the email went out. Shows that there are some people at Schwab that do actually care.

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Post ID: @1dpu+1pPqTQvg

Does a hiring freeze prohibit internal movement?

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Post ID: @1udg+1pPqTQvg

The lucky ones were laid off. At least they got a decent severance with theirs. Not sure that’s gonna be the case going forward.

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Post ID: @1okl+1pPqTQvg

OMG! This is hilarious!
I think I am one of the fortunate 2,000+ who got laid off and I don’t have go through this torture any longer.

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Post ID: @1hsp+1pPqTQvg

@uma+1pPqTQvg STS is definitely Powered by India, 90%+ workforce, (my estimates). You are SOL if you are in IT and you are not from India.

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Post ID: @1wbl+1pPqTQvg

Is this a big surprise or something?

They’re not able to think things through. Lay off 3000+ people and open new reqs like a big insult. Then now they close it.

No different than their failed approach at RTO.

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Post ID: @1lck+1pPqTQvg

Is Schwab an Indian firm at this point? Inquiring minds want to know?

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Post ID: @uma+1pPqTQvg

Yes, it was very vague as to the actual impacts, just there there will be impacts

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Post ID: @erf+1pPqTQvg

Not for Offshore. They are still lobbying to add more people.

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Post ID: @mwi+1pPqTQvg

Email just went out for everyone

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Post ID: @hfl+1pPqTQvg

They've already been on a hiring freeze.

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Post ID: @ocg+1pPqTQvg

No way! Did it come through already? Across the board?

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Post ID: @hdx+1pPqTQvg

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