Thread regarding Charles Schwab Corp. layoffs

Anyone know which teams specifically?

Title says it all - I know DS is/was part of it, but what other departments and teams? The more specific, the better. I know my MD gives a very non-committal response when people have asked directly..

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| 2876 views | | 10 replies (last August 17, 2023) | Reply
Post ID: @OP+1o7ZMrUW

10 replies (most recent on top)

Hearing that teams in non customer facing areas like Ops, Finance, HR, & Risk, etc. are going to get hit with their fair share and then some.

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Post ID: @2snm+1o7ZMrUW

I’m part of what used to be a subset of DS, DRS. I thought maybe we would be safe given we are a small lean group working on tools directly supporting the field - but I am thinking now I may be part of the group getting whacked as I’m newer.

This is awful. Worked hard to get here through the ranks. Hoping they would let me slide back to client a facing role. Time to start talking to old managers I guess.

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Post ID: @xce+1o7ZMrUW

First off, when we say DS, we are saying the org/team does not exist anymore. It has been disbanded. DS is moving from its centralized org model, and distributed back out to individual business units. That affects POs, Devs, SMs, leaders, etc.

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Post ID: @qiw+1o7ZMrUW

When we say DS are we thinking PO’s, or Devs? What portion of DS? It’s giant. My area got rolled back into retail for the re-org.

There’s enough contractors we could cut cost there but I don’t know.

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Post ID: @pot+1o7ZMrUW

Yes us employees know the layoff list. You didn’t get it?

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Post ID: @zyx+1o7ZMrUW

"Daniel Gibbs is the first to go." is that the ticket out? I think you are onto something. hmmm, thanks for the idea
;)

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Post ID: @nbj+1o7ZMrUW

Daniel Gibbs is the first to go.

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Post ID: @bqt+1o7ZMrUW

It is not rivalry between Green and Blue, it is just plain chivalry. Chivalry, contrary to popular opinion, is not dead.

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Post ID: @ddd+1o7ZMrUW

Likely that redundant positions (non-client facing) will get impacted the most. I'm thinking tech/training/hr. That's why there is some td/schwab rivalry going on here, I think.

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Post ID: @djr+1o7ZMrUW

That’s because your MD doesn’t even know.

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Post ID: @hyp+1o7ZMrUW

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