Thread regarding Charles Schwab Corp. layoffs

@5axw+1pHK2TuW And it sounds like you agree with OP that the company has done the whole thing wrong. Why attack them when they specifically state they are thankful to still have an job and are asking the question of those still there?

Is it just that you now regret all the late nights, long hours, missing your kid’s t-ball game and developing an ulcer just to realize too late what everyone else has know for years and years? That you are expendable and will be disposed of the moment the cold analysis calls your name?

It’s the company you are mad at @5axw+1pHK2TuW. Not OP.

“Being high performer means ki-ling yourself and jumping through hoops constantly so the company can meet their objectives.”

All that work just to be fired. I think you need to reassess who the mo--n is.

It is taxed like a bonus. This has happened to me before. Everyone is in for a big shock. The entire thing is DISGUSTING!

I think severance is not taxed like a bonus (40%, unearned income) but as a regular income.

You are a mo--n and this is an ignorant post. I have been reading these posts for months on this site but I can’t let this one go! This is spoken like someone who has never been laid off before.

These were mainly high performers who were axed. You have no idea what it is like to be praised for being a high performer for years only to be dumped the moment the company needs to save money. Being high performer means ki-ling yourself and jumping through hoops constantly so the company can meet their objectives.

Do you know we loose your insurance in Jan and Cobra costs at a minimum $700 a month or we could get worthless Obama Care and have a $15K deductible! Do you even know that the severance will be taxed up to 40% like a bonus???? Plus this was done right before the holidays just to make it extra special.

This impacts people with one income and families the most! You need to be laid off to see what it is like yourself.

You are absolutely not alone… there are many of us that feel the same way

Angry? Maybe. Disappointed and frustrated? Absolutely.

RTO is a joke that will cost me time and money. It symbolizes a lack of respect and a tax to bolster commercial real estate. Tiny parking spaces in the structure? Oh goody. It was one thing when we could say it was a risk to the firm. Today we can't. We finished the biggest merger in history working remote!

And the lack of trust. For a company that says trust is everything and lost instantly they've done all they can to lose it. And they don't care.

Productivity will be lower next year. Anger grows. We will have reorgs and surveys and feedback and maybe a special EC bonus of $1,000 whole dollars.

I can understand your feelings, but my perspective is a little different. I planned to retire in a couple months but Schwab did not know that....so I am very grateful. I get unemployment and severance plus get to keep the monitors and keyboard. Didn't have to do a transition of clients.

Basically, my computer shut down in an hour and I could just walk away.

You're not alone

Only at RTO. RTO is so pointless.