Thread regarding Charles Schwab Corp. layoffs

Vague Coaching Memo

I've had multiple coaching memos doesn't take a genius that they want me gone lol.
How long do I have until a formal PIP?


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| 21 views | | 12 replies (last 21 days ago) | Reply
Post ID: @OP+1kqme8z0h

12 replies (most recent on top)

Hopefully they’ll start with the old and I mean old guard in SF! They make a ton of money, have no fresh ideas and have work out their welcome! They’re the ultimate govt employees.

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Post ID: @3j5+1kqme8z0h

Your PIP will come "soon." By then, you're solidly on the road to termination. No matter how much you think you've improved, it won't matter; you're getting fired, and it's just a matter of time. Look for a new job NOW so they can get what they want: to be rid of you.

The alternative, or something you can do simultaneously, is to document EVERYTHING, because you will need a lawyer to argue your case and/or file with the EEOC if you are in a protected class.

As the first commenter stated, collect the information and store it external to the company, because when you get the "gotta minute?" ping from your boss, your access to the network will be swiftly removed and you won't have time to send the information anywhere or even say goodbye to your pals.

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Post ID: @1kc+1kqme8z0h

@ka you get paid out for unused vacation and floating holidays no matter what. It’s literally in the leaving Schwab FAQ

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Post ID: @y1+1kqme8z0h

@j9 that has nothing to do with this post

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Post ID: @ng+1kqme8z0h

@ka Partly true. Many have lasted for years under pips though. Many managers don’t write them well. And many include easily refuted items. If you have something to go to, leave. Otherwise grab some popcorn, build your case and have fun with it. Nine times out of ten it isn’t the employee. And as yourself how Schwab has so many coaching memos with no manager training or terminations. It’s just a game to get rid of people. It isn’t about individual improvement or productivity.

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Post ID: @kj+1kqme8z0h

Just don’t stick around hoping for a layoff and big severance, that’s not happening. Yes you probably will get fired eventually but there won’t be severance. You will be paid out on unused vacation per your state law if applicable, and might get unemployment if you’re lucky, but the idea is to get you to quit. You cannot “recover “ from a PIP by out-performing expectations.

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Post ID: @ka+1kqme8z0h

All of the remaining 1.0% of Corporations are moving towards RTO - Return-to-Office with time.

Their decision, not yours; as the employer.

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Post ID: @j9+1kqme8z0h

@h7 Either you've never managed or are a bad manager. Virtually no manager at Schwab has their entire team in the same location as them. They are already managing "remote".

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Post ID: @hj+1kqme8z0h

So glad I now work for a company that trusts their employees to be productive at home

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Post ID: @hd+1kqme8z0h

J.P. Morgan - CEO Jamie Dimon (like 99.0% of Corporations) brought their employees back into the office, after Covid; years ago.

The Main reason was that their belief (I agree) was that their Management would be more effective at managing their team.

Remote is (No way) to effectively manage, was their philosophy; I totally agree too.

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Post ID: @h7+1kqme8z0h

Another reason why Charles Schwab (like 99.0% of other Corporations already have, years ago) returned their employees back into the office (RTO) from Covid.

Charles Schwab Management would do a more effective job of managing their employees (face-to-face).

It also benefits the employee with their career development.

Management would also be able to make it clear to the employee what is expected of them in their role, and be able to observe them in-person.

Employees (skirting the system) by badging in, and leaving early during their shift; wouldn't happen either.

Management would be in the office with them.

Management (would) be able to manage their team, more effectively.

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Post ID: @h6+1kqme8z0h

A coaching memo provides precise requirements and deadlines. It’s followed by a warning letter. If it’s illegitimate and constructive discharge, document now to HR. Do not engage your management. You are not asking HR to do anything but put the documentation in your employee file. Collect emails, notes, recordings, and any other relevant materials to use in your post-termination fight. Keep these materials off-campus in your personal possession. There are lengthy posts on this site about what to do.

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Post ID: @c7+1kqme8z0h

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