This is the weirdest layoff approach I have ever seen. Its like a very sloooow hatchet job. We will be dead from anxiety before we can cash the severance.
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“Through clients eyes”. Technically, employees are clients since we are regulated and required to move non-Schwab accounts into Schwab, with a few exceptions like 401(k).
It’s not a good look if the firm treats clients (YOU!) badly. The firm will avoid firing people, especially when the intention to lay-off is already made. If you become a headache, that might accelerate your layoff (at least you know where you stand and you would have gotten a severance); but I don’t think the firm will fire you for being a headache.
They're trying to get as many people to quit or come up with bs reasons to fire people as possible to avoid severance payouts.
Lmao. That gave me a good laugh. This is like a corporate version of a horror, thriller movie.
Anyway, you're right. This is a weird layoff approach. I wonder if there is a benefit that the company is getting out of this. Limited press coverage, some tax benefit, idk.