Thread regarding Charles Schwab Corp. layoffs

Is Schwab Planning to keep Cobol junkies for Next coming decade?

I joined recently, one unique thing which I came across on the Tech side.
Bank Still uses lot of Cobol junkies , is bank planning to keep this Cobol junkies for next coming decade?
Only good thing most hooked to Cobol , are contractor which make easy to be, taken cared off when needed.

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| 1011 views | | 3 replies (last January 21, 2024) | Reply
Post ID: @OP+1qGpV06O

3 replies (most recent on top)

They can't get rid of COBOL because the current technology teams are unable to provide a reliable replacement.

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Post ID: @pya+1qGpV06O

Schwab isn't the only big Bank that still uses COBOL a lot of large financial companies do

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Post ID: @vdk+1qGpV06O

Cobol junkie here. Switched to PL/1 as part of the new me. Upgraded skill sets.

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Post ID: @xpf+1qGpV06O

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