Anyone hear anything about layoffs this year? On the tech side they are wrapping up the transition of TD.
6 replies (most recent on top)
Rally the public and your family members to move assets out of Schwab. Kick Schwab where it hurts. Greedy b@stards. You will be let go eventually this year so be proactive and clean out the bank. At least if they show you the door, you leave with some sort of satisfaction.
Yes, especially in St Louis.
Add to @1pgi+1rHkqWne. Once targeted it is almost impossible to remove the target. Things may improve, but they will circle back almost every time. It’s the Blue way.
It has been posted perviously, but
- Start documenting everything including recording all interactions. This can be contemporaneous notes or audio recording (depending on state, ignoring policy). Record positives and negatives.
- Constructive discharge is rarely sufficient to thwart abuse or attempts to get you to quit. Again, this is state by state, but lots of foolish people supported at-will and right-to-work. You have to find a protected class or pattern or practice.
- Honestly, corporate managers are pretty d-mb. Well, lazy. They will seek the quickest path. And they may not want to attack you. After all, it reflects badly on them too. Understand where the criticism is coming from.
- Always consider responding to HR. Not to your manager. And never asking HR to do anything. Just a written, contemporaneous response to any verbal or written criticism to be placed in your record. Stick to facts. Make sure you're being honest that the feedback is unwarranted and concocted to create a poor working situation. Focus on what you've done in response, the lack of support for a claim, and how management thwarted you. For example, they withheld work from you and then claimed you weren't productive. Note each time you sought work and the work you self-created. You want to think like an attorney. Don't try to be one. But set up the evidence and documentation so anyone objectively looking at it would see A-B-C-D.
I've watched employees play this game for years and win. Winning is getting a package, a settlement post departure or the time to find the next job.
Su-ks. Shows that ethics don't exist and bullying is acceptable to this company. But you can improve your outcome once targeted.
There will be layoffs if not enough people quit or are fired over "performance" issues. Management is finding every excuse in the book to write up employees right now. Those who persevere the toxic environment or beat the "performance" issues will then be laid off as a last resort. Remember that laying people off costs $ so that is no longer the preference.
Don't be surprised if you get an email all of a sudden finding fault in something very minor that has been acceptable in the past and which everybody has committed. Even a slight "misuse" of words all of a sudden can be such a big deal and warrant write-up and other warnings. Followed by more warnings on other "unacceptable" behavior. They are hoping to turn up the toxicity until you quit.
Only rumors but yes personally I expect we’ll see more. Some just a result of integration wrapping but also the need for some window dressing to the Street to bump up the stock price.