If you attended the Retail All Hands meeting, you've likely noticed numerous indications from the executives regarding the timing and the upcoming layoff occurrence. There were various code words and word plays used. It's quite evident to most individuals that the layoff is imminent, and the general consensus among folks I talk with is that the layoffs will be substantial.
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From what I can gather Retail is safe.
It's "I dun no."
What’s the code word for mo--n
Referring to public filings alone…
That $500 million figure includes layoffs and property closures. So it’s less than the full $500m. Even ignoring that…that figure represents only roughly ~8% of the entire annual cost of compensation for SCHW employees.
If you divide that equally across the board (HA!), that comes out to roughly ~3000 people, at most.
In reality…as we all know know…manager/director pay is skewed much higher & the execs will get much more “bang for their buck” by looking at the upper end of the org chart.
All that to say…there’s no indication of “substantial layoffs”.
More trolling from someone really bored.