Schwab leadership believes they can cut their way to profitability. Because that worked so many times before for so many companies (spoiler alert: it didn't). Can we get rid of the joke management we have now and get some true leaders to run this place and hopefully get us back on the right path?
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@2vbn+1ovnh74D Your next complaint will be that you were laid off even though you are a great performer!
I'm a complainer. Always have been. Love coming to anonymous sites like this to vent. In fact, that's how I spend my weekend evenings. Apparently so do some of you as well. We will keep the venting going post layoffs. There. We're not winners.
The cr-p sh-t will go on at Schwab post layoffs as well. Nothing will change. People who really don’t like the work need to plan and move on. Life is short to complain and stay put here. Same old di-kheads will continue to run CH.
Yes we can! We will show you how. Wait for a week.
“ You can’t cut expenses and get out of your problems. You can’t cut expenses and get out of your problems. You’ve got to innovate your way out of your problems.” —Steve Jobs
Sure OP. We will work on it!
Schwab has too much of management fat . Directors upon directors with less folks to do the actual job. You need to have a Manager who is able to get the objectives right for his team . No need of a director who would then report to another director . And all the directors job is to attend meetings upon meetings and never let the actual folks who matter run the show . And then a bunch of folks who never ever care about even responding on emails .
Just a yr in to Schwab and already hating the work culture. Not sure what Schwamily they always kept talking about . Layoffs or not I am soon packing my bags .
OP, you got it right. And no, current trajectory will not get us back on the right path.
Short Answer > No
@dab+1ovnh74D that only works if they cut middle management (and senior management) and let the ICs actually do their jobs. Unfortunately, what they've done is run off a lot of the more competent ICs who got fed up with the BS.
@dab+1ovnh74D Problem is that a lot more workers got scared off by the layoff news than middle management.
I actually think we have too many orgs and groups, too much middle management and don’t work together well. I don’t think they are cutting their way to profitability, I think they are cutting their way to efficiency and getting more work done where it sits: with ICs.