Thread regarding Charles Schwab Corp. layoffs

Depends on your role. If you’re in sales, they’ll walk you out. Operations, they’ll prob take the full 2 weeks. I wouldn’t worry about you being “re-hireable” - you hate it at Schwab, lest you forget.

It's unlikely they would walk you immediately, but if they did you would be paid for the notice period.

From my experience, no, they would not walk you out the door immediately. Unless you are on "probation", and they consider you high risk, they would want you do work out a transition. Whether that's knowledge transfer, or writing up documentation and so forth. If you are MD level, and have access to really sensitive internal company details, that may be different. But for most Individual Contributors, I have never seen that scenario you proposed.

I'm not sure about the rehireable part, except that I'm sure, if some years have passed, and your position was needed again, the fact that you resigned a while ago would not matter. Maybe you would have to jump through one or more hoops, but that's it.

As for giving your two weeks and being walked out immediately vs. them letting you carey out th two weeks...assuming you have enough savings, and considering you are going to be starting a whole new job soon, consider whether you really need those couple weeks pay or not. Consider that you could have taken a couple weeks traveling vacation that would cost your pay maybe, but instead you stayed home and got some rest before starting your new job. No difference $-wise right?

I really think you need a couple of weeks for relaxation, meditation and healing after leaving Schwab before starting a new job. So I would definitely recommend biting the bullet on the two weeks pay. If they let you go immediately after giving notice, please consider this an advantage, catch up on sleep, and exhale a bit before starting your new job. All the best!

Give the two weeks so you have the opportunity to return if things don't work out. After multiple decades at the company I've seen more people return than I can count. Don't burn the bridge.

If you're in a role that requires them to walk you out immediately, you'll still be paid for the two weeks. Good luck.

As a rule the only time the two weeks aren't accepted is if going to a competitor or there's a conflict concern. Plan to be out the door on notice and expect to work the two weeks.

Good luck.

Many of your co workers were shown the door without notice a year ago today and asked to leave within 30 minutes of notice. No two weeks….no thank you for your years of service….just Bye! Your call, but I would always say treat people how you want to be treated, those whom were cut were not given the courtesy of two weeks.

I have only seen folks completing the full notice period. Its a lot of effort to do the two weeks but its the right thing to do and ppl respect you for it.

PL here. I recently had someone resign for the same reasons (more flexibility, better chance of growth, more pay, etc). They provided 2 weeks and worked the 2 weeks. We did not dismiss them upon receiving their notice.

We’ve had several resign over the past year and all have worked until their notice was up. All of them, including my recent direct report, left to go to competitors, and again, none were prevented from finishing out their 2 weeks.

Throughout my entire organization, what I described is the norm. That said, I’m not sure if some areas in the firm have a different approach.