Thread regarding Charles Schwab Corp. layoffs

Friendly reminder

Our company still wants fewer butts in seats. Undeserved bad reviews, performance plans, RTO, withheld work, vague objectives, micromanagement and small raises are all part of the playbook.

  • Record everything. Be aware of two party consent states and corporate policy, but audio recordings are worth a lot to you. Contemporaneous notes are a good second choice. Record good and bad. Photos of emails are also handy.
  • Respond to all bad reviews, coaching memos and other escalations in writing, but only for the response to be added to your HR employee file. You aren’t fighting the review or memo. You’re laying future legal groundwork.
  • Constructive discharge is rarely actionable. They can treat you badly unless you can fit into a protected class via age, s-x or disability. Use that. We go after 40+ regularly.
  • Save money and always be able to cover your needs if you get let go.
  • Never, ever think HR is there to help you. Neither is the ombudsman. You will be asked to meet if you push back and it is on the record. HR will try to corner you into reducing your story. Don’t fall for it. A good way to deflect is to say that you aren’t asking for an internal investigation at this time. If you have a good claim and are ready to introduce an attorney to the discussion, wait. Make them terminate you unless the case is solid. Each week of delay is one more week of guaranteed pay.

This board has other good advice in old posts. But that should get you started. Don’t believe that Texas law is against you. It’s tough, but you don’t need law - you need a case that’s good enough to settle.

Good luck and stay sane.

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| 2481 views | | 14 replies (last January 7, 2025) | Reply
Post ID: @OP+1vORg92w

14 replies (most recent on top)

Able to share the name of the law firm or attorney who assisted you?

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Post ID: @52t+1vORg92w

OP didn't say they were out to get them.

They effectively stated that Schwab wants to get rid of people on the cheap. And in that regard they're right.

OP is focused on making it expensive.

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Post ID: @4lnp+1vORg92w
the HR department at Schwab is a cut above the rest. They are exceptional. Someone that is thinking only that they are against them and encourages others to do the same has deep rooted issues.

Sweetheart, I get that your check is in the mail, but what kind of barrel are you being held over? You have written this long and incoherent comment that has no relation to what OP has posted. There are employees and ex-employees of various economic statuses here on this post, and what OP has posted applies to all of them (even you, silly bootlicker). Poverty mindset is not the problem here.

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Post ID: @3dtq+1vORg92w
I find this post disturbing, quick question were you raised poor? Where does your family stand now, as far as socioeconomic standing? Like your grandparents/parents? Which one are you in today?

I am not the OP, but I don't understand what socioeconomic status has to do with the points he is making. For e.g., I was not raised poor, never had to attend a public school in my life, was a non-PL manager at Schwab, and maintain a comfortable lifestyle with sufficient discretionary income -- yet I could relate to all of the points OP stated. I'm sure many other upper middle class folks here can relate to this post also. So where does poverty come in here at all? You are not making any sense.

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Post ID: @3sfw+1vORg92w

I find this post disturbing, quick question were you raised poor?

Where does your family stand now, as far as socioeconomic standing? Like your grandparents/parents?

Which one are you in today?

To make my point, why are you at Schwab? Have you ever retained an attorney and are you aware of their costs?

Because your argument only goes so far without the right representation and the average class doesn’t have it and never will.

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Post ID: @3dyh+1vORg92w

Yep! Big on the undeserved bad reviews.

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Post ID: @1rxe+1vORg92w
Isn’t about lawsuits. It’s about toxic workplace and being ready. Fido and others are the same. So you can’t always find greener grass.

Everyone I know who left Schwab and work at Fidelity now remark about how the culture is like night and day compared to Schwab, and how they feel more like their authentic, professional selves again. Schwab is definitely unique with regard to its toxic culture in this entire industry.

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Post ID: @1uou+1vORg92w

Isn’t about lawsuits. It’s about toxic workplace and being ready. Fido and others are the same. So you can’t always find greener grass.

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Post ID: @1zjw+1vORg92w

Whiners, er I mean winners. Some real winners

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Post ID: @1zyl+1vORg92w
Oooorrrrrr… plan and commit to doing whatever it takes to find a career where you’re not so miserable plotting law suits all day but can rather produce and contribute to the greater good. That’s a neat idea?

Don't worry, we can do both at the same time!

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Post ID: @1gjn+1vORg92w

Oooorrrrrr… plan and commit to doing whatever it takes to find a career where you’re not so miserable plotting law suits all day but can rather produce and contribute to the greater good. That’s a neat idea?

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Post ID: @1cre+1vORg92w

Thank you for that answer. As for myself, I was given a ton of work due by super-urgent deadlines, that was then left to sit on the bench for weeks before addressing once delivered. So they rushed me to death to meet these false deadlines.

When I questioned my manager about it, she said that we can work on prioritizing tasks, but then when I offered suggestions re: prioritization during our 1:1s, she would insist that we stick to the original deadlines and then told me I need better time management. Talk about mind games and manipulation! I should also mention that these problems only started arising during my last 6 months, and that I had been considered a super-performer heretofore (total of six year career with the combined company). It's clear that they were using this false rush tactic as a form of abuse to get me out the door. There are a few other tactics they used that are too much to get into here as well.

Glad to leave this company behind, and it really does help to hear others' perspectives here.

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Post ID: @osu+1vORg92w

They likely mean giving exciting projects and work where you’d learn something to others. Withheld work often means you get grunt work or nothing to do so you’re bored.

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Post ID: @vkt+1vORg92w

Excellent post! Can you explain what you mean about "withheld work"?

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Post ID: @afi+1vORg92w

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