Thread regarding Charles Schwab Corp. layoffs

Thoughts on Rick’s Update from today?

by
| 3011 views | | 16 replies (last July 28, 2023) | Reply
Post ID: @OP+1nO4HUlO

16 replies (most recent on top)

and away we go

by
| | Reply
Post ID: @1arv+1nO4HUlO

Today's meeting is for digital services FTEs. There is no mention of 57 and above. That meeting was earlier this week.

by
| | Reply
Post ID: @1wcv+1nO4HUlO

I don’t think being excluded from the meeting is a sign that you’re on the chopping block. They only sent the meeting out to people at level 57 and above I believe.

by
| | Reply
Post ID: @1emj+1nO4HUlO

@kjy+1nO4HUlO this is an all hands for digital services only?

by
| | Reply
Post ID: @xzh+1nO4HUlO

Yes - if that is the time zones in the email then they are really SCREWED up or you are a TROLL

by
| | Reply
Post ID: @yhb+1nO4HUlO

@kjy+1nO4HUlO

Thats not how time-zones work.

by
| | Reply
Post ID: @rjr+1nO4HUlO

@kjy+1nO4HUlO which department?

by
| | Reply
Post ID: @mzu+1nO4HUlO

@inw+1nNuWMkS

Hmmmm, so I'm not invited to this meeting, but my boss, boss' boss and dept head are all blocked during that time in my time zone. No way they're all getting let go, so I wonder if this is more a meeting to inform those who have folks that are being impacted?

Are you a people leader by chance?

by
| | Reply
Post ID: @swc+1nO4HUlO

@kjy+1nO4HUlO this deserves a dedicated post

by
| | Reply
Post ID: @bts+1nO4HUlO

There is a "special" all -hands meeting tomorrow at 1:30 ET / 2:30 CT / 3:30 MT / 4:30 PT. We were asked NOT to forward to anyone not invited. Often, that means there is a meeting to discuss layoff aftermath. You're probably either invited to the meeting for those being laid off or those who are staying for now. If you're newer to the profession, try not to panic. This stuff happens all the time in the industry. Stay brave, hug your loved ones, polish your resume, and try to focus on doing good things for your mental health. You will survive it, I promise. You just may not be working at Schwab any more.

If they were really tricky, they will have different meeting links for the two groups, but the rest of the email would look the same. Not sure what the tell is for this one or which group I'm in. I'll find out tomorrow. I hear rumors that the severance is generous.

by
| | Reply
Post ID: @kjy+1nO4HUlO

oh tricky Ricky - moving the pawns around - just to add confusion and disarray

by
| | Reply
Post ID: @mdd+1nO4HUlO

It’s like rearranging the chairs on the Titanic.

by
| | Reply
Post ID: @mdw+1nO4HUlO

How is Digital Retail (new org) different from the former Digital Services?

by
| | Reply
Post ID: @oji+1nO4HUlO

I’m ooo and I miss that too

by
| | Reply
Post ID: @azg+1nO4HUlO

@xtm+1nO4HUlO literally check your email. It says it was sent to ALL Schwab comrades

by
| | Reply
Post ID: @dwv+1nO4HUlO

What did I miss?

by
| | Reply
Post ID: @xtm+1nO4HUlO

Post a reply

: