Thread regarding Charles Schwab Corp. layoffs

A lot of the RTO backlash is generational. These leaders are telling on themselves when they say remote workers don't do anything. It's because they can't function and barely work in a digital environment. Remote work has exposed just how much of middle management is unnecessary and counterproductive. I came over to Schwab from the green side and the difference in culture and technology is staggering. It immediately made sense that one side went remote in less than a week and the other had to be threatened by governments after months of failure. I volunteered to RTO a year ago and they couldn't even ensure I had a desk as a director and then squashed it after I finally had one on the wrong floor. I was legit looking forward to returning to the office in a hybrid role and they fumbled it all so badly. After 3+ years in this hive of mediocrity I have determined their real motto is some combo of not my job and blame everything but ourselves. I knew this was going to be a rough integration when they wiped out all the Green leadership at the beginning. If you have to finance an acquisition it behooves you to treat it like a merger. TD was clearly better at multiple things and they treated it like some simple lift and shift. Walt is one of the least inspiring and generic leaders I have ever had the displeasure of talking to. If it weren't for all the pay raises and retention bonuses I would have left years ago. Here's to hoping I am one of the lucky ones getting laid off.

He is evil…. These billionaires just want to protect their real estate investments.

why not reduce the corporate real estate footprint and make most of it residential to meet the housing need? and keep some real estate for a meeting center and collab space vs cube city?

seriously. Lone tree has 3 giant buildings that is just a depression farm. Turn one into a literal hotel and transform the other into just meeting rooms/training centers. So people on teams who are across the country come, stay at the schwab campus vs pay for different hotels, and can easily walk to the meetings rather than renting a car? keep one building for cube city and those that need to be physically in office. you can probably do the same with westlake. sh-t put a gym in one of those buildings too and id be twice as likely to want to work in office one day a week atleast.

it is a staunch resistance to change. i get what the post about the economy was talking about, but there have been countless other shifts that would have done the same if corporations didnt adapt. The early adopters of true hybrid work and flexibility will flourish over the next few years while those stuck in the old way of thinking will struggle and eventually adjust however they will be far behind.

Of course this guy is going to claim WFH is bad for employers because his business is largely commercial real estate. This entire thing has more to do with keeping the Ponzi scheme economy afloat than it does with employee WFH behavior.

They (as in every banker and executive/CEO) know that if commercial real estate tanks, the economy goes down with it. There’s also another reason too, but that won’t quite transpire for several years and isn’t worth mentioning now.

Either way, understand you’ll see a lot of corporate double speak about RTO and it has much less to do with the culture and much more to do with the big picture as a whole.

I know a few individuals who have blanketed themselves in WFH as a reason why their performance is lackluster. I know others that have not. Unfortunately, it is not feasible to derive one group from another, hence the overriding RTO rule.

What I do think is stupid, and Schwab is d-mb to not figure this out is the psychology of this. Come RTO, no one will work on Fridays. It will be essentially a four day workweek because everyone will be like, fu-k it, we worked Monday - Thursday or Monday, Wednesday, and Thursdays. D-mbassery.