Thread regarding Charles Schwab Corp. layoffs

You have plenty of time to prepare for what's coming

If not for this round, then for the next. And we all know there'll be a next. Make sure you have an emergency fund, always be applying and interviewing, and if you can start something small on the side, do it. Make sure you have control of your life, don't give it to somebody else.

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| 2681 views | | 16 replies (last August 19, 2023) | Reply
Post ID: @OP+1o8xzTNK

16 replies (most recent on top)

@1yaw+1o8xzTNK
Total waste of time. Save minutes from your precious life and just skip. Mostly babble drabble.

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Post ID: @3vfe+1o8xzTNK

@1nwa+1o8xzTNK I read it all. Found it helpful. Thanks

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Post ID: @1gtr+1o8xzTNK

The wonderful thing with a free society is you can read/not read anything - if you downvote just on length - why? Maybe the content will help someone looking for a job. "I stopped reading after .." lol. Was making a point to not assume the reader. If you really downvote based on this that? ODL ... grow up.

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Post ID: @1ebc+1o8xzTNK

And LOL a final recommendation -- try to get a referral for a job opportunity - there are "fishbowl" sites where you can talk to other employees at the same firm and literally ask for a referral (they do get a referral fee if you are hired), so don't be shy but also be selective on who is giving you the referral. Final thought. Take care - it's such a stressful time, but I find if I do the things - refresh resume, do some cover letter and thank you letter/email templates that I can customize -- refresh interviewing skills, etc., it makes me feel better and a little more in control. If you do start a business for yourself, such as the mobile notary business mentioned before, make sure to put it in an LLC, and know your tax obligations - not expensive to do, unless you don't. OK, sorry, for all of the lengthy posts, but if any of this helps anyone - don't care if folks give me the unhelpful and caustic comments. Wishing all of you the best!!!

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Post ID: @1nfo+1o8xzTNK

@1yaw+1o8xzTNK
What are you thinking?!?! Who do you think is going read all that?

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Post ID: @1yso+1o8xzTNK

Also downvote @1nwa+1o8xzTNK. The poster had the nerve to "add this...". My goodness.

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Post ID: @1gmi+1o8xzTNK

Downvoted @1yaw+1o8xzTNK for being way toooooo long. Stopping reading after the "the whole daddy/uncle comments...".

Everyone downvote @1yaw+1o8xzTNK

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Post ID: @1hqi+1o8xzTNK

I will also add this: If you are laid off, and after the notice period, etc. you haven't found a job that you love (don't settle and just end up in same situation) - try contracting; if the real estate market heats up again become a mobile notary and either go on your own (network with title companies, law firms) - offer witnesses if they want estate planning docs notarized (that would be a huge plus and you can charge extra) - or sign up with a company (but I would advocate the former -- really good money based on what I had to pay my mobile notary for my house closing). Better gig than door dash IMHO. Again, take care, wishing everyone well (punch a pillow, go to an ax throwing place or one of those places where you can just break things) -- take a boxing class, or anything else that is positive to help get out stress/anxiety adrenaline - lol what I did during my "not so happy" divorce - I would say take a walk or run if possible, but in TX it's been > 100 degrees, so no - lol. We are in this together (unless of course you are reading this and are a member of the EC - then no, we are not in this together - and will leave it at that). Have a great evening.

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Post ID: @1nwa+1o8xzTNK

Aside from the sarcastic comments toward the OP who is only trying to provide some realistic advice (BTW don't assume everyone on this board is a white male - the whole daddy/uncle comments are rude and s-xist), I advocate to always have a Plan B - I agree with the additional streams of income sentiment and would add: 1) Don't exclusively focus networking in current company - network via LinkedIn and/or conferences with competition, head hunters, talent acquisition folks at companies you like, etc. 2) Keep your resume fresh - use AI to tailor your resume and cover letter with a specific job opening (but make sure to prompt to not be too pretentious and proofread, proofread, proofread - I was amazed at how AI reformed my resume into being very concise and targeted, though I had to revise a few things) - and yes, do include a cover letter always. It will never be a negative, but may put you ahead of those who didn't bother (and ALWAYS send a thank you email for any interviews - w/n 24 hours); 3) there is a host of really good Ted Talks on Executive Presence/Voice, Interviewing, etc. - watch those and take note - they're only about 12-15 min long - I learned a lot just recently, particularly on using up voice and down voice - a bit of an aha moment; 4) utilize/maximize every benefit available to you in your current role if applicable (tuition reimbursement, additional credentials, trainings, conferences, etc.). Now, this is difficult when all of the foregoing has been shut down -- keep this in mind :/. Even if I am able to stay, if they do not start allowing the foregoing in 2024 - I will be making use of my outside network. Gone are the "good old days" when staying with a company was rewarded -- that flew the coop with pensions. To move up, most times you need to move out. I have friends that have been with the company forever and are still at same grade/title, but are worth so much more - seriously. I always ask "why in the h-ll are you still here?" I even suggested applying internally to upgraded jobs at same company, but different department, but they don't, which is fine - their decision. But if you want to make more money, advance, you need to move around - either within same company or without IMHO. Make yourself indispensable - learn as much as you can (for you) - And if you are interviewing, NEVER state real reason for leaving -- always state "better opportunities" - trust me on that one. And finally -- ALWAYS negotiate the salary - it su-ks, but yes, it's like buying a car - do your research and know your real worth in the marketplace and provide your research - (got a 10% bump on one job and much larger bump -top of pay grade- for another because I did my homework on my experience, what I can offer, competition, etc. - always ask if relocation reimbursement is possible if applicable (I got a "sign on bonus" for one job that covered most moving where relocation was not specifically offered - why? because I asked, not demanded, just asked) - if salary is lower - can you negotiate more vacation time; more flexible work, etc.? Again, doesn't hurt to simply ask (again, not demand). These are questions for the talent acquisition person who may be able to provide the information as they are typically the one to deliver the offer and they want to make it work (that's their job) - just don't be haughty, unreasonable, pretentious or "I deserve" - no, you can state what you want and then you assess and either accept or reject. Good luck everyone - this has been a needlessly anxious and gut wrenching time - hope some of the above is helpful and doesn't generate unhelpful caustic comments (ahem).

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Post ID: @1yaw+1o8xzTNK

I get this to an extent, but where is it people are going that make them think they’ll be immune for layoffs? Literally all companies lay people off when necessary.

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Post ID: @ufb+1o8xzTNK

As soon as I heard layoffs were coming, I started saving. Two weeks ago. I’m so dead.

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Post ID: @ygf+1o8xzTNK

Same thought process. Hesitant to apply to the same industry though, as uncertain of layoff environment for other companies. At a loss.

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Post ID: @yje+1o8xzTNK

Thanks uncle Tony

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Post ID: @nrp+1o8xzTNK

As soon as I saw the layoffs coming I started applying.

Offer last week. Start late September or so.

Oh please let this timing possibly work out.

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Post ID: @sgs+1o8xzTNK

This is deep.

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Post ID: @ldt+1o8xzTNK

Thanks dad.

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Post ID: @wdn+1o8xzTNK

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