Thread regarding Charles Schwab Corp. layoffs

Bonus - when will we find out the amount we will receive?

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| 1581 views | | 4 replies (last February 5, 2024) | Reply
Post ID: @OP+1qU1qHFJ

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To the poster who said it’s taking from others… it’s not, bonus is based on performance, not just being a warm body. Nobody is entitled to anything you didn’t earn. So instead of being here complaining, work a little harder.

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Post ID: @1ktu+1qU1qHFJ

Review for my dept is at the end of February - they are not even done with "pay planning" yet. Some may get full target, but if some get 80%, for example, it will be paid by other employees who will then get < 73%. Same thing for raises -- if manager wants to promote an employee and give them a 10%, that money comes out of the pockets of the other employees b/c their raises will be less (e.g. if you deserve an exceeds or far exceeds, you'll get meets). It's seriously F'd up.

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Post ID: @1mgw+1qU1qHFJ

and when is the review?

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Post ID: @oei+1qU1qHFJ

Those let go will get 73% of their full target based on job level. Those still here should learn in their review.

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Post ID: @kmm+1qU1qHFJ

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