Thread regarding Charles Schwab Corp. layoffs

Are Contractors impacted?

My team has 7 contractors and 5 FTE. How the layoff begin calculated in that case?

by
| 1441 views | | 3 replies (last August 12, 2023) | Reply
Post ID: @OP+1o48waE4

3 replies (most recent on top)

in a typical scenario, they are the first ones to go since they are an extension of your team.

by
| | Reply
Post ID: @cpk+1o48waE4

on my team, contractors just don’t get their contracts extended or renewed, and they aren’t offered FTE roles. so while it’s not technically a layoff, they still won’t have a job at schwab when their contract ends

by
| | Reply
Post ID: @cre+1o48waE4

Yes contractors are the easiest cost savings. No severance. Just one email or phone call does it all.

by
| | Reply
Post ID: @oit+1o48waE4

Post a reply

: