Thread regarding Charles Schwab Corp. layoffs

When are we expecting to see more layoffs?

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| 1941 views | | 5 replies (last December 22, 2023) | Reply
Post ID: @OP+1qaD0qdS

5 replies (most recent on top)

Be ready

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Post ID: @2hme+1qaD0qdS

My guess... 3k-5k in the call centers within 2 months of TG5 (May). We ramped up the call centers to deal with the transition and once that is done that buffer is no longer needed. Call volumes will stabilize and they will want to right size quickly.

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Post ID: @1twz+1qaD0qdS

Don't be surprised if they continue next year regardless of interest rates - they now have an excuse to keep the layoffs going

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Post ID: @nch+1qaD0qdS

EC should target tools team, team which spinoff money in name of migration deliver nothing .
Tool teams are best in pointing finger on others.
Clean lgbtqqip2saa from Schwab

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Post ID: @lek+1qaD0qdS

There is a round scheduled in late January but the effects will be limited according to EC. Going forward it will depend on the interest rate situation. If Powell cuts the rate three times next year as he has promised I think there wouldn’t be massive layoffs. They might do a dozen here and a dozen there on a monthly basis to avoid having to do WARN and generate negative publicity.

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Post ID: @hma+1qaD0qdS

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