Thread regarding Charles Schwab Corp. layoffs

Engagement surveys are a corporate scam

Schwab only uses them to control the narrative and to give the illusion of action. We certainly haven't seen any action as the culture at schwab is at an all time low and it's more siloed than ever here now. Not to mention how difficult it is to get work done whilst most teams are running on razor thin headcount margins.

Today's meeting with Garfunkle and his cronies is the same round and round drivel we've been hearing for years and years. No action. Never. Only words that get recycled over and over each quarter.

I'm not sure what's worse at schwab. The culture or the stale leadership.

by Anonymous
| 1561 views | | 9 replies (last June 12, 2024) | Reply
Post ID: @OP+1sDzCelw
Comment! It's anonymous!

9 replies (most recent on top)

My team reviews our results and has many conversations about what we can all do around this, which has helped us all work together better. It’s something we like as a pulsecheck, and the action we take is something we all own and want to own together to do what we can or what we’re able to help with. Some things we just have no control over like Rto

by Anonymous
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Post ID: @mltm+1sDzCelw

Schwab got rid of thousands and thousands of employees and increased their bottom line as a result. How much more action do you need? You want more action? Well, you can be the next target for their action.

by Anonymous
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Post ID: @6gyx+1sDzCelw

The questions they ask in these flawed surveys are manipulated to turn you into the problem instead of addressing larger, more systematic issues with senior leadership.

by Anonymous
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Post ID: @5eyk+1sDzCelw

It’s not a scam, but it’s not the best how they rate them, only two of the questions count for the score and it’s not the best how they hold the first leader accountable for those ones. If we have a good manager they get impacted by the score in the long run more than we do, when those leaders who don’t put in effort get to keep going. Wish they’d separate out the first level leader vs the rest of higher leadership/corporation scores.

by Anonymous
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Post ID: @2wlz+1sDzCelw
If we feel this is a scam, we should contact our Obudsman and file a complaint. I am sure there are HIPPA violations in play. Possibly FINRA too……..

HIPAA. And no.

It isn’t a scam as in scam. The surveys are a scam as in manipulated waste of time to make naive employees think they will provide change and remain anonymous.

And never, ever contact the Ombudsman. They are not neutral or an advocate. Neither is an arbitrator. If you have a solid enough case go directly to an attorney of your selection and control. The ombudsman, at best, will make HR and legal aware of your claims and surrender any information you’ve provided. There is no privilege.

by Anonymous
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Post ID: @2bpz+1sDzCelw

If we feel this is a scam, we should contact our Obudsman and file a complaint. I am sure there are HIPPA violations in play. Possibly FINRA too……..

by Anonymous
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Post ID: @1kje+1sDzCelw

But the stale leadership is the culture. And we’ve had stale leadership for decades. The culture is different, but we went from family chaos to un-agile dysfunction with political backstabbing.

by Anonymous
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Post ID: @1yik+1sDzCelw

oh definitely the STALE leadership - as you heard some of it is changing - they blame TD integration but I think otherwise. It is an old boys club from the top down - all collecting the big bucks!

by Anonymous
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Post ID: @1aru+1sDzCelw

¿Por qué no los dos?

by Anonymous
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Post ID: @rhg+1sDzCelw

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