Schwab management not being transparent about what's going to happen and dragging its feet on getting this done is ki-ling morale. People are mentally drained and it's affecting productivity. I can't figure out why they would do this to us intentionally. It's not benefiting anybody!
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Cause they don't care! They only care about their salaries and income. It's been the new corporate life for over 15 years now. Unless you are an exec or have a contract you're just a number.
@vfl+1p97rdiY You are exactly correct - especially in the finance area. People know/knew what needs to be done but just schedule another meeting rather than directly addressing the issue - they don't want to be held accountable if it is incorrect. My manager knew what they wanted but hinted around and let it carry on for weeks - that is all over Schwab
The secrecy is childish and smacks of poor leadership. There is no reason they could not provide a timeline and absolutely no reason for them to announce that early (the "must disclose" reason is BS). It's power play, control, and could even be punishing employees for outcry about RTO. Who knows? Figure out the plan, who will be affected, the timeline of events, cost and THEN disclose/announce. There will be zero expense savings in 2023 (actually an increase given the costs of a poorly planned and executed RTO and layoffs). What's exactly the urgent need to disclose and materiality then?? Material info is info that will impact investors' decision making and even if material, the duty to disclose is separate — and as they found out, the announcement had zero effect on the market. "Leaders" who use secrecy and are not transparent are insecure about their own position and they view employees as resources to control, not members of the organization. They can claim they are being transparent all day long. Saying it — no matter how often — does not make it true. I think a certain someone got a little too impulsive and made the decision to announce in July b/c they thought it would bump up stock price and they needed a "win". Again, they were wrong and the result is 4-5 months of poor employee morale that tanks performance resulting in more and more loss of business. That could've all been avoided with just proper execution and messaging.
It must be what Clients want. Through Clients eyes and such.
They are transparent about what is happening. You’re just wigging out about it.
Don't confuse incompetence for secrecy.
Schwab likes secrecy. When I started at Schwab, they were keeping it a secret what I was supposed to work on. I would ask questions during backlog grooming sessions about things that were critical for me to know in order to deliver the value from completing the backlog item to the business. No one would know because some groups would keep it a secret (for risk mitigation???) and give us some vague requirement like "add lock on API". No further information on what application or endpoint(s) or what the fu-k the "lock" is. I would then have to spend at least three days of the sprint trying to figure it out then people would complain if the story carried over to the next sprint.