I've noticed that layoffs and the way the whole issue was handled have soured most employees on the company. At least this is my experience with the people I work with. Is this true throughout Schwab? How many people are now so disillusioned that they're looking to leave?
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I'm looking casually.
Combination of general boredom with job and being stuck going back in the office 3 days a week despite having no teammates in my location.
If the right offer comes along, sure. If not, I am happy to ride the train until it crashes.
Absolutely, I’ve never ever worked for leadership like this. Waste of time even stressing about it. No honesty from EC, no integrity, no trust in employees, no transparency. I UNDERSTAND that this is corporate America and it’s all about numbers, but every aspect of this merger and layoffs, etc. has been a complete dumpster fire. I’ve been through layoffs at a company that had a WAY worse reputation than Schwab and surprisingly, layoffs were handled with grace and leadership was TRANSPARENT. This EC group or whoever is making decisions is not one I trust, timing always changing, no transparency, no respect, etc. the list goes on. People have lives, families to support and unfortunately this company has become completely unstable. I don’t trust a word of any update that comes out. I’m out as soon as I can be.
I was already looking prior to the layoff. Unfortunately, I got to stay but out of a team of 4, we are now down to 2 and the workload is unbearable without overtime. I had a second interview this week with another firm. I'm really hoping I get the offer because my bonus will be paltry anyway. I really like the people I work with and I'd hate to leave them hanging but I have to take care of me and my family first. They don't put the roof over my head.
I quit 11/6. Best decision I ever made. No regrets. I didn’t give notice either. I was just done.
If they were smart or strategic about the layoffs, it would have been easier to stay. The decisions they made show how clueless leadership really is. It's a complete dumpster fire!
Oh absolutely! Once I get my bonus, I am walking.
Yep! Right there with you OP. Waiting on whatever bonus there might be if any in March. Taking my sabbatical. Then I’m out.
🙋♂️
Not currently looking to leave especially around the holidays, and certainly not over something so trivial as RTO. In office 3x per week is no big deal and not anything to bail out for.
My team was disillusioned over a year ago. Before we moved from TDA to the Schwab building the Schwab MD and Director came to TDA and told us “no layoffs we need all of you. “ 6 months later in June 2023 they laid off one of my team members. We were a team of 9 in onsite services. We had allot of work. I lost trust a long time ago. After this blood bath, I don’t know anyone who is still there who feels safe!
I can't speak for others but I was looking to leave for quite a while. Just holding out to see if things got better. They started to turn a corner, and I thought well ok, this might not be so bad, but then BAM - Oct 30th - I was let go. I still keep in touch with my co-workers that are still there, and because of the work load, and the fact that they cut a bunch of engineers that knew A LOT about both Blue and Green - the rest of the team is struggling. They are all mostly looking for something better because its just not sustainable.
Just to give you an idea - there were 12 of us on the team (including our manager) - maybe that was too many on one single team, but we had both Blue and Green systems to manage. Now there are only 8 - and after Dec, there will be only 6.
Just a little advice to anyone that questioning staying or going - always keep your options open, and at least 2 irons in the fire at all times.
I am
I know of a few people including myself who are looking, interviewing and planning on leaving but not just due to layoffs but how the EC has acted since the RTO email then the layoff email then the oops, we messed up and need to delay RTO email then layoffs where we lost some great employees while still retaining some pretty sh---y leadership. This company is a mess!
I got laid off but was job hunting for almost 6 months by the time they did the layoff. From those I was friends with who shared, very few were planning to leave. Most were waiting for the next sabbatical or had some other reason like RSU’s they wanted vested. It’s their call. I wasn’t planning on staying then and now the choice was taken from me. I just got severance for it and am doing what I was but more focused.