Thread regarding Charles Schwab Corp. layoffs

Do Directors and MDs know now?

I’m wondering if leaders would know by now who is getting cut. Can anyone level 60 or higher confirm?

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| 3201 views | | 12 replies (last August 7, 2023) | Reply
Post ID: @OP+1nXfL0Dj

12 replies (most recent on top)

@2fav+1nXfL0Dj
Probay target savings to accomplish.

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Post ID: @2kwg+1nXfL0Dj

What does @rox+1nXfL0Dj mean that some have received their targets? Target number of people to cut? Please elaborate. Thank you?

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Post ID: @2fav+1nXfL0Dj
  1. No direct knowledge. My manager does know something but they are under NDA. There have been hints about direction of gaze but that's it. I'm going to assume I'm a target until I'm told I'm not.
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Post ID: @1ctp+1nXfL0Dj

RTO was also a surprise to Ds and MDs.

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Post ID: @1tey+1nXfL0Dj

yes they know. They will ask you to finish some critical tasks and to do knowledge transfer KT sessions to the offshore team before the TG. Try to ask them about other projects and you'll see how much BS they try to sell you.

One way or another the writing is on the wall, I can only guess what it says... it is in Hindi.

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Post ID: @quw+1nXfL0Dj

If I was a MD with no knowledge of what the changes are, I’d start polishing up the resume. Planning is happening, and no, it’s not some outside consultancy or whatever the rumor is.

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Post ID: @upk+1nXfL0Dj

The fact that even directors and MDs don’t know makes me feel that anyone is fair game. Will it be inverse pyramid layoff? Probably not. But entire groups are probably fair game during the layoff.

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Post ID: @aiq+1nXfL0Dj

MD here - we know nothing and are just as nervous as everyone else.

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Post ID: @mvi+1nXfL0Dj

BM here - We know nothing

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Post ID: @ois+1nXfL0Dj

Director here in former DIS - I also know nothing. Wishing the best to everyone.

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Post ID: @ifj+1nXfL0Dj

Org dependent. Each org is at different stages in planning, some haven’t even received their targets yet or only just received them.

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Post ID: @rox+1nXfL0Dj

MD here - no, know nothing.

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Post ID: @sgj+1nXfL0Dj

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