Thread regarding Charles Schwab Corp. layoffs

Are PLs and MDs giving the short term all clear today also?

Are MDs and PLs instructed to have a departmental or team meeting to give a status update and tell everyone else that remains that it's all over for their group, for at least now? When do we get the short-term all-clear status? Assuming most groups don't have more than 25% impacted tops and notifying managers don't likely have more than 2-3 each to notify, it takes 20-30 min for each person, and it was all planned out this weekend... Is it expected to be over by noon today for most groups?

by
| 3552 views | | 5 replies (last October 30, 2023) | Reply
Post ID: @OP+1pllOyhb

5 replies (most recent on top)

My team got an "all clear" from our leadership

by
| | Reply
Post ID: @dkj+1pllOyhb

Terminations are supposed to be complete by 10am local time. Notifications about reorgs must be done by tomorrow.

by
| | Reply
Post ID: @hxp+1pllOyhb

I'm off today. My director called me to tell me that I am not affected but that there was one other on my team that was.

by
| | Reply
Post ID: @qkg+1pllOyhb

My team is having a meeting rn. Boss said that layoffs in our dept are over (for now) and there are 2 people joining our team due to a manager layoff

by
| | Reply
Post ID: @bnj+1pllOyhb

My understanding is that layoffs will continue through Wednesday. My team had two affected people this morning and they’ve already sent their farewell emails to the team. Hopefully there will be an all-hands soon so the rest of the team can get some closure

by
| | Reply
Post ID: @enl+1pllOyhb

Post a reply

: