https://riabiz.com/a/2023/11/3/schwab-2000-layoff-aftershocks-roil-the-industry-as-its-revealed-top-tech-talent-led-by-widely-regarded-veteran-kartik-srinivasan-were-axed-raising-questions-about-future-of-schwab-innovation
9 replies (most recent on top)
self evals are coming up. Glad I don't have to do those anymore :)
@2pue+1ppN3ZWs Lol it is way worse now. If metrics aren’t net management will try and gas light you into improving the score with hour long reassessment meetings in which every slightly negative comment submitted is scrutinized and rejected.
Are engagement surveys still that sh---y at schwab?
I left in 2020 partly because of them.
Karthik who?
Schwab an innovation do not belong in the same sentence
Merger or not, it's just really poor leadership for several years leading to some rather catestrophic decisions. The outcome was innevitable.
The company hired and promoted a bunch of "B" players into leadership positions. Knowledge, experience and track record not required and need not apply. Powerpoint skills and a storyline someone higher up wants to hear is all that is needed. B's are exellent BSers. B players hire and promote C players and now you have trouble. This "not so virtuous" cycle has been happening for a few years.
...looks to me like the cycle is alive and well and continuing within.
When innovation is buying a compliance company and innovation is selling the same compliance company a few years later…
Karthik didn’t have the right engagement survey results.
Regulators should have never approved the merger.