Take or leave it, I don’t feel comfortable revealing my sources.
Tomorrow, there will be an announcement that return to office has been delayed. They will say it has to do with real estate but the truth is, Schwab is using a third party agency to analyze their business model for layoffs, they were “highly encouraged” to delay back to office until layoffs were completed.
Most layoffs will be completed 2 weeks post September Integration and a huge chunk of them are Integration support (both customer facing and non customer facing).
MDs and Directors do not know and department heads have signed NDAs. It’s based on numbers and performance has no bearing.