Layoffs were scheduled for this Friday, 5/1. But current word is this will be put on hold, possibly indefinitely. Management has reconsidered given the current market conditions, work that still needs to be done with USAA integration, and the still pending Ameritrade acquisition. Senior leadership feels we need to for now have an all hands on deck mentality until we get through the current crisis.
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@ucl+14I5TkrE
To the poster that had a "doubt". I did do the needy - took a major dump. I full filled the "needful", for me, maybe not for you. However, I. have "no doubt" anymore in that department. All clear. For now. Needy completed.
Help me.......
Well I'm ok, but have some irritation and burning sensation between the toes. But I think it's not COVID-19, but athletes foot... because the odor started to set in. No loss of sense of smell on my end, no sireee.
Is everyone okay so far? Any news?
Do you realize that the NOC and SOC are still made to come into the Phoenix campus? We sit next to eat other with absolutely no social distancing. Code reds are going off multiple times a day for the past 6 weeks with the insane market conditions, pushing our volumes to the brink. The UDP packets are getting lost and retransmitted at at frequency of at least 30 times a microsecond. The network is being flooded with SYN packets without the necessary ACK packets. Lets just say it ain't pretty. What? Que no?
It sounds like someone if very needy. A very needful individual indeed. To clear any doubts we may have, either now, or in future, I declare that the needy be done in order to satisfy the needful. The needs of the one, must not out weight the needs of the needful. Or something like that, as a great Vulcan once said. I do have a doubt now. It's doubtful.
Whoever is posting about having doubts and asking people to do the needful or needy, please stop. Just stop already.
I still have a doubt. Actually two doubts. Someone please do the needy to eliminate my doubt. Doubts. Thank you for addressing the needful.
My severance from the first round of layoffs last year was 2 months pay plus 1 month for every year. The two months meant I was still an employee and had benefits but also subject to the social media policy still so I couldn’t trash them on Twitter.
The Fed announced rates will stay at zero until all this is over, so that’ll be more years of almost no bonuses and pay raises, most likely. I’d still not be shocked to see more layoffs as the short term thinking ebbs. Schwab was already bloated and I’m sure some of the USAA and TD employees are coming it at lower salaries.
Have they eliminated sabbaticals yet?
Walt had a meeting with his leadership team. With everything going on with moving tasks onshore, USAA integration, and down the line TDA integration, it just doesn’t make sense to cut staff at this time.
Well that is good news. Except now we can be worried about getting laid off everyday until it happens. I still have PTSD from getting laid off from another company. I just want to work somewhere for 20+ years and then collect retirement. Is that too much to ask these days? Sheesh.
- 5B of more debt bonds will be issued on Friday. Pool of money to pay severances?
I have a doubt. What kind of severance do we get? Please do the needy to address this doubt. Thank you.
I actually wouldn’t mind the severance. Bring it on, Walt!