Thread regarding Charles Schwab Corp. layoffs

PTO Payout

Anyone that was recently terminated either forcefully or voluntarily. How long did it take for you to get paid out on your PTO?

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| 1211 views | | 7 replies (last January 21, 2024) | Reply
Post ID: @OP+1qx1Ze3R

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@9fau+1qx1Ze3R

Where did you get this info from: HR? I’ve been trying to find out as well and have not gotten a conclusive answer so if Feb 2 is accurate and from a reliable source, that’s helpful. Thanks for sharing

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Post ID: @9dvz+1qx1Ze3R

On the 19th, I got my severance and payment for January 1st through the 5th as well as vacation and float. I did not get my ESPP deductions. Now I am told ESPP deductions will be "refunded" on Feb. 2nd.

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Post ID: @9fau+1qx1Ze3R

I am in Texas and got my PTO/Float and last check on 1/5. I also received an email saying my severance would be sent on 1/19. Hope that helps someone here.

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Post ID: @5cfs+1qx1Ze3R

i was told 1/19 also from SPS

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Post ID: @1bvz+1qx1Ze3R

It’s been stated in other threads that all of us are getting the severance lump sum and COBRA on 1-19.

Depending on your state, you either got your unused vacation/float and last week of pay on 1-5 (Texas for sure did), if not, it will also be 1-19.

I saw someone else say the ESPP residuals (aka ESPP deductions that didn’t end up buying any stock because term date landed prior to the next purchase date) will also go out on 1-19.

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Post ID: @1xld+1qx1Ze3R

A number of us have not received yet. I’d say I’m surprised that we don’t have that check and the Cobra information, but…

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Post ID: @1qrs+1qx1Ze3R

I got mine on the termination date Jan 5. PTO + 2 floating holidays

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Post ID: @1bkd+1qx1Ze3R

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