Thread regarding Charles Schwab Corp. layoffs

Digital Dissolution

Can anyone make sense of this for me? I fail to see any grander plan, strategy, or tactics behind this new "organization" of "resources".

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| 1801 views | | 3 replies (last July 26, 2023) | Reply
Post ID: @OP+1nNZSLTD

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Another big announcement delivered after close of business.

Thanks Ricky!!!!

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Post ID: @vrr+1nNZSLTD

I don't get it either. I think we will have to wait and see how many people they fire before it starts to make sense.

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Post ID: @fvb+1nNZSLTD
  1. Leaders LOVE to reorg, whether it makes sense or not. Makes them feel like they really accomplished something I guess.
  2. My assumption is by having business units absorb Digital, you create a LOT of duplicate/redundant roles that weren't previously redundant when the orgs were separate. I expect this is just the setup for upcoming layoffs. Maybe (or hopefully?) I'm wrong about that though.
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Post ID: @asi+1nNZSLTD

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