Thread regarding Charles Schwab Corp. layoffs

How Layoffs Change Lives…

I was a high performer. I’m writing this to let those of you who make the decision to lay someone off at any company know how your actions impact lives because many of you are privileged and have never been laid off. I honestly don’t believe most of you have any idea.

Since I was laid off I spend all day every day worried about how I will find a job, what if I don’t and how will I make ends meet if not.

I look for jobs all day and have applied to 100 to date. I’ve had interviews. I’ve had as many as 15 interviews with a single company. I have to explain why I was a good employee who finds themselves in this situation. How can you explain that when you ask yourself this every day? Why did this happen to me?

I feel sick every day since the layoff. I can’t sleep and wake up every night at 3am. My entire life and the lives of my family have been altered. Holidays and birthdays are a little less joyous. Plans we have are on hold or have changed. For example, we can no longer sell or buy the home as we had planned to do for years. Now we just hope to be able to keep our home.

So, when you are sitting in some conference room or talking to colleagues tossing people’s names round for who can go in the next layoff please remember this post. Are you being thoughtful about it?

You are about to dramatically alter someone’s life. Sure there are those few that instantly get a job and think everyone else should be able to as well. That’s not the reality for the majority…especially not in this economy.

Remember this post because I’m quite sure based on conversations and posts I’ve read on sites like LinkedIn that this is how most laid off people’s lives have changed.

To do this to many good people who worked so hard and were so dedicated at any company is especially cruel…and …well…says something more about you than those you laid off. Now, we, the laid off just have to deal with the decisions you made while you and your families lives remain unaltered.

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| 1321 views | | 3 replies (last March 9, 2024) | Reply
Post ID: @OP+1rsb9p7F

3 replies (most recent on top)

Preface. I’ve been laid off and was laid off.

  1. You were looking for a job when you got Schwab or TD. You’re only more qualified now.
  2. The RIF was not performance driven. They got rid of people based on geography, age, infirmities, politics and skill sets. Few were performance, and those to at were likely had other factors. Just look at how many exceeds have posted here and were booted.
  3. The more you focus on the rejection the worse your search will be. It feeds negativity.
  4. This should be a great opportunity for you. I’ve never left a job and not found the new one to be better or leveraged into far better. Not nice.
  5. Lastly, learn from this. The work-paycheck life is risky and without loyalty. Don’t do it. Build savings until it hurts. Study FIRE. Own your tomorrow. Have a second job or side hussle. But do not allow people like Rick to control your stress level or define your self-worth.

Focusing on your layoff is a hiring tactic to lower your wage. It’s bullying. And if a place needs ten interviews they likely are so dysfunctional you don’t want to be there.

Folks, especially younger ones, haven’t been beaten up enough to understand the toxic game of bullying. Our company is a grand master. But others are even better. These are managers and companies that act like they’re doing you a favor by hiring you. Ca ca.

Use the weekend for reprogramming. You’ve had a long enough pity party. Now is time to get what you want.

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Post ID: @tcr+1rsb9p7F

I am sorry this happened to our friends and colleagues. Corporate america has amassed so much unchecked power. Eventually the tables will turn and employees will have the upper hand. Please hang on there OP.

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Post ID: @hho+1rsb9p7F

At least you got laid off and not fired. A lot of people got fired within the company shortly after to and got 0 severance money. So be glad you at least got months of mentally prepping you to get a severance to look elsewhere.

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Post ID: @fop+1rsb9p7F

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