Thread regarding Charles Schwab Corp. layoffs

Any updates on offshore development center in Hyderabad, India

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| 1382 views | | 8 replies (last January 26, 2025) | Reply
Post ID: @OP+1jj5ty8sc

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My training in AI, for instance, has been subsidized by 70% by my company in collaboration with one of the oldest and most prestigious universities in the U.S.

I've heard great things about Southern New Hampshire University.

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Post ID: @x2+1jj5ty8sc
With the rapid enhancements in AI it is being asked whether the firm will even have a need for offshore resources 5 years from now, so the new center is also being reconsidered

The cost of running and maintaining an AI model is a common concern that businesses need to address. To stay competitive, many service companies are proactively investing in upskilling their workforce for AI readiness. My training in AI, for instance, has been subsidized by 70% by my company in collaboration with one of the oldest and most prestigious universities in the U.S.

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Post ID: @vt+1jj5ty8sc

Offshore everything except leaders

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Post ID: @q4+1jj5ty8sc

Yes Biryani Everyday in Hyderabad Enjoy.

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Post ID: @jx+1jj5ty8sc

With the rapid enhancements in AI it is being asked whether the firm will even have a need for offshore resources 5 years from now, so the new center is also being reconsidered.

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Post ID: @hm+1jj5ty8sc
Hopefully someone in management reads the comments on this site and realize it’s a bad idea.

there have been no public updates confirming the operational status of this office as of January 2025

Na, this may be plan, it help visa issues and government issues by just outsourcing job rather brining people.
And covid proved you can work from anywhere, if company aggress

  1. higher people from service company who are working on Schwab side
  2. simultaneously keep Operation readiness in Hyderabad
  3. when times comes whose cost need to reduced slowly start asking people if they want to shift Hyderabad, if yes fine otherwise Visa issues
  4. in next 2 years you will see the trend growing, where service people hiring increasing and simultaneously people are asked to do work from offshore.
  5. from point 1 -4 will help schwab to maintain and retains knowledgeable workforce
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Post ID: @ac+1jj5ty8sc

Ridiculous. Inside sales and business operations are huge cost centers that should be offshored.

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Post ID: @ab+1jj5ty8sc

Hopefully someone in management reads the comments on this site and realize it’s a bad idea.

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Post ID: @a7+1jj5ty8sc

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