Every single moment you spent at this company was a waste of your time. There is nothing you can do to change reality. Some of you have spent most of your life here. Believe it. Every single ounce of energy you put into this company was a waste of your life.
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Agreed. I was laid off back in 2013 after 22 years of 16 hour days. Most of us that were axed were in our 50s. Almost immediately my job was listed for less than half the pay. Try getting a job when you are over 50 (hint: you can't unless you want to work at McDonald's).
Layoff 2000 - 5000 people in 2024. What is your source?
Shortly after they announced the closure of the San Diego office, COO Jon Beatty came to visit on site and spoke in person to many departments reassuring all of us that Schwab is “committed to San Diego”, and the office closure was done in order to save funds, thus helping us keep our jobs. Naturally this gave us false hope that our jobs were relatively safe and we had little to worry about.
(And yet, almost all of the new open positions at the company were not available to San Diego associates; the first of many major red flags.)
These false claims were used to keep all of us working hard for CD1, just to get us much as they could out of their employees during the busiest time of the year for the company in September 2023. Once they got what they needed from them, they immediately laid off ~2,000 employees at the end of October.
But it doesn’t stop there! There’s additional plans to lay off 2,000-5,000 more employees in early 2024. Way to deceive and take advantage of some of the most tenured, hardest working, top talent the company has. Best of luck to those of us who survived these first round of layoffs, but unfortunately Schwab’s trust and reputation is forever tarnished. Good job executives! I hope you enjoy your enormous salaries while the rest of us slave away before we’re inevitably let in January 2024 with the rest of the October 2023 lay offs. I’m sure productivity and morale will continue to thrive these next few months! Let’s give our fearless leaders a round of applause everyone.
maybe 6%, but I respectfully disagree with the "only". It is a huge part of your productive life. 20-60 is 40 years, 6% sounds more like 15% now, if it makes sense
... and if I live to 100, it was only 6%.
Completely agree....I was working on multiple efforts and there wasn't any one left to turn my work over too. I worked nights and weekends and now I'm looking for another job. Complete waist of time!