Thread regarding Charles Schwab Corp. layoffs

First wave looks like this Friday

I’m in middle management on the blue side and found out today everything points to 7/28 being the first official organized turndowns

I know many of us have been looking for new opportunities so good luck to everyone. Tough times for all

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| 4331 views | | 15 replies (last July 25, 2023) | Reply
Post ID: @OP+1nLTjvFA

15 replies (most recent on top)

@hpx+1nLTjvFA - Come on, bruh! Putting manager in those parenthesis is quite a reach. By job title you are called manager but you are a technical lead. 56 = Staff, the day-to-day grunts, 58 = Shift Lead. You are in between. 57's in my area do the normal daily grind like the 56's and a lot of those struggle to do that.

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Post ID: @1mex+1nLTjvFA

They want the 60 day notices to be finished before December and final payouts on severance to be complete by year-end so they can show all of this on their YEAR END numbers to the board and shareholders.

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Post ID: @cju+1nLTjvFA

It would be really helpful if the responses included their org name atleast.

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Post ID: @nyu+1nLTjvFA

Seems like Mondays after market close have been the trend for larger layoffs…

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Post ID: @tna+1nLTjvFA

Same here on some of the talking points in our group meeting. Our group's cuts may jot be this week, but it certainly seemed some cuts are coming this week or next. That might also allow them to include it in Q3 earnings. Others posted here that you can only do that after the 60 day period.

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Post ID: @ivl+1nLTjvFA

@nqo+1nLTjvFA

It almost seemed like a pep talk. Stay focused.

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Post ID: @fdu+1nLTjvFA

@hpx+1nLTjvFA what did your manager say?

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Post ID: @nqo+1nLTjvFA

I just had a 1:1 with my manager.

I’m a 57 (manager) and I can say that this SOUNDS accurate based on the inklings of encouragement I was getting.

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Post ID: @hpx+1nLTjvFA

Project management

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Post ID: @pcr+1nLTjvFA

@ysc+1nLTjvFA

I have no insight into the matter. But I think digital services is an easy assumption.

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Post ID: @upy+1nLTjvFA

Also which line of business would be targeted?

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Post ID: @ysc+1nLTjvFA

They've been laying people off since the day the layoff email went out. They may layoff more people Friday, but it's not "the first official organized turndowns"

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Post ID: @lnz+1nLTjvFA

Can I volunteer as tribute of my sector?

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Post ID: @lbx+1nLTjvFA

Do we know what area will be affected for this round?

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Post ID: @vul+1nLTjvFA

does anyone know what the selection process looked like?

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Post ID: @rlc+1nLTjvFA

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