Thread regarding Charles Schwab Corp. layoffs

Glass Door

Does anyone know how Schwab (other firms too I’d guess) is able to monitor and police what is posted on Glassdoor? I have tried to post a couple times listing the pro’s and cons from my experience at Schwab and both were rejected, the most recent one stayed pending for weeks and ultimately was rejected. Some of the cons were harsh towards leadership but they were not defamatory or untrue.

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| 1122 views | | 6 replies (last December 2, 2024) | Reply
Post ID: @OP+1vLzzfPn

6 replies (most recent on top)

Wow very well written and expresses how I feel about this dumpster

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Post ID: @1vri+1vLzzfPn

Glassdoor did not indicate what violation prevented the below from being posted- or if it did I didn’t see it- maybe it was too long?

“Over the past five years, the environment has shifted dramatically. During the pandemic, remote work was handled well, and productivity remained high. However, everything changed in mid-2023 when leadership introduced return-to-office (RTO) mandates—despite having previously assured employees that remote work would continue. This was then followed with an announcement of reduce in workforce plans.

The RTO policy feels more like a tool for attrition than an effort to improve collaboration. Exceptions were promised but rarely granted. Leadership seems to hope that by forcing people back to the office, employees will quit on their own. Layoffs came next and now RTO tracking/RTO 5 days threats, with further “expense actions” still looming. Morale has plummeted, and it feels like leadership has deliberately fostered a toxic environment to push people out without having to pay severance.

The company’s slogans are empty and deceptive. The phrase “through the clients’ eyes” seems like it is more about misleading clients—showing them what the firm wants them to see—until regulators expose the truth. The firm’s recent $200 million fine (directly related to misleading clients) and lawsuits around the deceptive cash sweep program are proof that what clients see does not align with what’s really going on behind the scenes.

There’s also “The Power of One.” slogan. While it sounds empowering, it also works as an authoritarian motto—a way to enforce control and diminish dissent. There’s no room for the thoughts or opinions of anyone outside the highest-paid leaders, whose decisions seem disconnected from the reality of average employees’ experiences.

It’s especially hard to swallow the outgoing CEO’s claim (at a recent town hall) that his decisions are driven by “love” when his total compensation is close to 300 times the average employee salary. If his love is real, it must be a love of money and power, not people.

I understand that Schwab is a profit-driven institution so perhaps it’s naive to expect genuine care from leadership. At the end of the day “leadership” is driven by increasing the stock $ for the shareholders and they are some of the biggest shareholders.

It’s the pretending to care about employees and clients while undermining morale and misleading clients—that makes Schwab feel like a bad place to work (for some of us).”

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Post ID: @1tpv+1vLzzfPn

Glassdoor is quite strict about language. I once had a Company Review rejected because I quoted the founder / CEO, who had used the word a$$hole. Since it was a direct quote, I spelled it out. But as I recall, it told me why.

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Post ID: @1uze+1vLzzfPn

Repost here what you tried to post? Curious of what may get flagged.

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Post ID: @1iej+1vLzzfPn
Employers can't control what gets posted on Glassdoor. There may be some violation of Glassdoor terms that is preventing your review from posting.

True. A good idea is to save what you have written on a Notepad text file so that if it gets rejected, you can edit and repost as needed without having to rewrite the review.

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Post ID: @nzd+1vLzzfPn

Employers can't control what gets posted on Glassdoor. There may be some violation of Glassdoor terms that is preventing your review from posting.

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Post ID: @vvy+1vLzzfPn

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