Recently there were some people (STS) from SF in our location and someone hinted at plans for major reduction in Feb 2027. Anyone else heard of any similar info?
6 replies (most recent on top)
It is coming earlier than that! Get out before the exit door gets crowded!
Several big programs are ending at YE, and there are no jobs for them.
Someone should check the 211 lease terms
lol maybe start with all the remote staff in CA… then all the remote leaders across the firm.
Then all the remote staff in NJ.
All this remote work isn’t needed in these geographies.
Maybe in STS start with H1Bs and not the fraud that’s been underway in sponsoring while laying off citizens.
SF is an expensive location... this rumor has popped up a few times over the years. But now rick is running the ship so maybe this time it happens.
@c8 AI smart processing can barely do its job without reps having to oversee it and correct it, and the internal AI agents that’ve been rolled out are constantly hallucinating. Considering Schwab can’t roll out any new tech without fu--ing it up, I’m skeptical Schwab’s AI implementations will ever reach a point that they can fully replace reps.
It's not an if, it's when. Leadership has made it clear that ai will eventually cause layoffs while not explicitly saying it.