Thread regarding Charles Schwab Corp. layoffs

Schwab

Layoffs happened today unannounced. Not sure if regime change of financial struggles

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| 4032 views | | 11 replies (last January 29, 2025) | Reply
Post ID: @OP+1jhh9d1ae

11 replies (most recent on top)

What a cr-p firm. College kids completely misled by this firm and its self serving managers. If you work there make it a short stay or you will find yourself living paycheck to paycheck in 20 years while clowns like Rick and the gang of sycophants take all the credit and money. I know I was a manager at the firm and witnessed it first hand. Terrible disheartening soul destroying organization with no loyalty to its employees. Avoid !

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Post ID: @2h8+1jhh9d1ae

@a7+1jhh9d1ae

You obvioiusly don't work at Schwab. FCs are financial consultants. Green and blue refers to TDA and original Schwab.

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Post ID: @242+1jhh9d1ae

FCs are a dime a dozen. Easily replacable. I thought this about real Schwab staff being let go.

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Post ID: @1zj+1jhh9d1ae

Where?

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Post ID: @kd+1jhh9d1ae

How do I sign up?

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Post ID: @jb+1jhh9d1ae

No reason given just, "your job has been eliminated ".

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Post ID: @gy+1jhh9d1ae

They are targeting level 3-4’s and bringing in FC Academy, cheap labor children. This will broaden.

I hope they don’t normalize asking their FC how much they have and how they manage their wealth themselves.

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Post ID: @cy+1jhh9d1ae

This is early in the quarterly cycle. They should be eligible for the bonus, however small that will likely be. I'm guessing >73%.

Those let go might be better off if McKinsey Rick changes the package and pushes harder for forced attrition. Both are very likely given his background as a slasher.

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Post ID: @aw+1jhh9d1ae
70 FCs smalls packages. Mixed green and blue.

Help with the first sentence please? Please elaborate.

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Post ID: @a7+1jhh9d1ae

Were they national or local? Any specific reason given ?

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Post ID: @a6+1jhh9d1ae

70 FCs smalls packages. Mixed green and blue.

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Post ID: @a5+1jhh9d1ae

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