I'm curious why you think CS is trying to reduce headcount without cuts? What are the arguments? I really don't have that impression, but maybe I'm wrong.

From what I heard Friday STS bonus funding will start to see cuts this year with the goal to "restructure" the funding altogether. A certain MD who is retiring within two years told me they think the days of bonuses as we know it are being taken away... —  read more 

Schwab is only concerned with their image and perception in the FinTech industry. They do not care about the employees. They want robots that follow policies and procedures to the letter. I am not saying I am perfect, and I am not saying anything new... —  read more 

Concerning , especially with the firm refusing to address questions about the SEC filing. The high interest rate environment and the held to maturity unrealized losses are continuing to deteriorate the balance sheet and stock price. The question... —  read more 

Is taking an Architect position with the CTO worth? Thoughts on technical roles at Schwab? What should I expect? Comments about the environment? Just saw some posts about a toxic environment.

It's not the employees' fault, but those at the top that this company has become such a mess. I had a little discussion with colleagues about which changes are necessary to be prioritized here and I'm also interested in your opinion?

I have a better chance of finding out something important that's happening at the company here than from management. That's not how this is supposed to work. The less they tell us, the more morale will go down since people will always imagine the... —  read more 

Meanwhile "held to maturity" has destroyed this firm. I guess those rising interest rates didn't pay off like they were claiming? How could the leadership of this firm not be held accountable? Go watch Warren Buffetts latest Berkshire annual... —  read more 

There was an email out today in retail CS&S. Reqs will be closed. Roles will not be backfilled. What are the latest news from the other organizations ?

Anyone figured out how to get files off Schwab laptop? I have developed templates during my tenure (no client or employee information). And I would like to take it with me if I get laid off or if I leave.

For those who have gone through layoff, what was your severance payment like? Any detail helpful.

how’s the process at Schwab? Do they give you advance warning to do a handover to another colleague? or do they meet with you on Friday evening and cancel your computer access on the spot? Pls share from your experience so that we know what to... —  read more 

Judging by what people are writing here, it seems like there are a lot of layoffs that are secretly going on. It's a very demoralizing feeling, when one day you find out that your colleague is no longer there and you didn't even know that layoffs are... —  read more 

Calling people back into the office. He was very much against WFH as we all know and I just heard Schwab is going to start calling people back. Communications coming end of Q3 with the expectation that most will be working in the office full time by... —  read more 

All we heard about over the last decade plus was how well Schwab was positioned to profit when rates started to rise. Now we hear Schwab is taking huge losses because of rising rates How does this happen when they were prepared for it? How is this... —  read more 

Some reorganizing happening and letting go of some middle management

Negotiations taking place to rescue CS? Another bailout coming?

On the surface, Charles Schwab Corp. being swept up in the worst U.S. banking crisis since 2008 makes little sense. The firm, a half-century mainstay in the brokerage industry, isn’t overexposed to crypto like Silvergate Capital and Signature Bank... —  read more 

Last year I applied for an internal position, but the position got canceled due to budget cuts. So I stayed in my role. Since then I’ve been sidelined by my supervisor. While my colleagues were allowed to hire, I was told there was no budget. Also... —  read more 

SVZb tupe closure possible. Run before you can.

After a long time here, I've finally started thinking how good it would be if I wasn't here anymore. When did you first seriously start having thoughts about leaving here and looking for a new job?

Did everyone else who is salaried get very poor raises? Schwab made record all time profits last year and we got short changed. Inflation is rising so much that now I feel like I’m making less even though our workloads are much higher. Now they are... —  read more 

Is it the time for us? Is layoffs in financial sector looming over heads?

I’m predicting an epic failure. Any chance I can be wrong?

Level 57 (non-STS) here and my bonus target is 15% of base salary. Does this increase with career progression as you move through the levels or is it pretty much fixed until Level 60-61?

Considering the amount of work I do and my responsibilities here, I feel quite underpaid. Has anyone asked to get a reasonable raise or is it better to focus on looking for a new job?

I currently work at BNY Mellon. Our CEO recently announced a change to the 401K plan. Currently our company match (max 7%) is implemented each pay period. Starting in 2023, the match will be paid at the end of the year (actually, three months after... —  read more 

What's your prediction as it relates to the possiblity of Charles Schwab layoffs? Any chatter, news or rumors?

When I took this job 5 yrs ago, I asked about layoffs and was told that Schwab "hasn't had layoffs in 15 yrs." What a joke. I just received my walking papers. I have ki---d myself at this job. For nothing. This has been an overall cr---y place... —  read more 

Maybe I wouldn't even think about leaving if I had a more competent manager. However, I no longer want to work for a person with an over-inflated ego. Basically, a good manager seems to be a rarity here? Does anyone actually have one?

Sometimes it is not easy to make the decision to leave, especially if the other offers are not that much better. However, lately I am more and more sure that leaving is the best option because the amount of work I have to do, the level of stress... —  read more 

I heard there will be a 40% budget cut across the company coming soon. Hiring freeze will be put in place as well. Good luck out there folks.

Anyone heard a number of centers are closing in 2023? Any idea what areas are impacted most?

Recently after 6 Months of interviewing with various Managers/Directors. I was offered a position. I tried to negotiate the base salary based on the cost of living in the location, I would be working within. With the current rates at 7% and the house... —  read more 

What's schwabs policy like? Thinking of accepting the offer but want to know how it's handled.

What is the notice policy if I resign?

Say goodbye to your 2023 Holiday Weekends.

I really thought Schwab was a much better place than it turned out to be. Elsewhere, too, the employee should mostly be a yes man and glorify his manager in order to be more comfortable at his job, but here it's all about over-inflated egos... —  read more