Thread regarding Charles Schwab Corp. layoffs

They will never admit their mistakes

Rather than admitting you made a horrible mistake by buying long term low interest bonds and then having to borrow 2.5 Billion at 5 percent. You realize that you need to cut your workforce to decrease expenses. However, instead of getting bad press again and layoffs forcing you to pay severances you come up with the RTO plan to get people to quit on their own. Win win

@zqt+1ngOYzEH nailed it. Those at the top will never admit their mistakes.

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| 1521 views | | 2 replies (last June 28, 2023) | Reply
Post ID: @OP+1nkyJAsM

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Zero pay raises and small, if any bonus - love my 2% raise against 10+% inflation that I got this year, then these clowns want us to now start driving to the office...

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Post ID: @1ywo+1nkyJAsM

You are correct. They will never admit their mistakes, poor judgement and poor strategy choices. RTO is a good way go get rid of a workforce thst refuses to toe their line. There is a few other strategies they can execute as well. Jus wait for it.

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Post ID: @1agv+1nkyJAsM

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