Rumors of layoffs planned for Q3 are circulating. I know this is stressful for some, and may cause unwanted side effects, such as losing hair. If that is you, then I have good news. Rogaine. Easy to use and apply the topical solution to the... — read more
Too many contractors
It made me laugh when I read someone's post saying that contractors outnumber full time employees at Shwab... But then again, when I think about it a little better, maybe that's not so far from the truth? Shwab definitely has no hard choice between... — read more
Is your hiring frozen?
I was going to be interviewed and then the recruiter went silent.
Praise Be!
Per the email yesterday, it looks like Schwab isn’t going to sh-t can anyone until at least 2023. Praise be!
I hate RTO!
After Musk's tweet, I hope Walt doesn't get inspired to push full 5-day RTO. How's your RTO been till now?
Attitude Change Required
Employees matter, but he clients matter more. That’s why the business exists in the first place—to serve clients. You work for the company, they don’t work for you. You may be entitled and have the attitude “well I’ll just go somewhere else, it’s an... — read more
The attrition seems to have slowed down
I finally stopped getting emails with "My last day will be...". It looks to me like the attrition has slowed down a bit. Am I right?
Hey STS
Who is in charge of the Career Progression dashboard? Can someone please look into getting it fixed please? The data has been out all quarter. Oh and there’s a spelling error in the word difference, on the core rep snapshot. The data is super helpful... — read more
SCHW Overweight
This is problematic: CNBC -- https://www.youtube.com/watch?v=0TksSR7r0qg
Will there be layoffs in a recession hits?
I think we'll be in a recession within a few months. Do you think we'll have job cuts if a recession hits?
This integration is being sabotaged.
Certain blue technology leaders want this integration to fail and be able to point the finger at green. That is obvious by the amount of “help” their teams have been in integrating these systems. It’s not about the client or the best technology... — read more
In case there is not enough stress...
Working here is stressful, Schwab is very demanding. I almost got used to all that stress after working here for many years. However, what is really fascinating is how Schwab makes stressful even those things that don't have to be that way, and... — read more
May 3 2022 Corporate Call Nonsense
a few nuggets from the corporate call today: Walt said WFH and workplace flexibility is not permanent! Katie Casey said that compensation is based on "cost of labor" not "cost of living" and that everyone firm wide got 3% merit increases in March... — read more
Major layoff in May
Based on the reality of the Q1 earnings, there will be planned layoffs in May. Second week. No severance package. At least 1400 to be cut. Mostly STS.
Working smarter
"Work smarter, not harder" - this is just another empty phrase that everyone uses. And what exactly does it mean to work smarter? My superior doesn't even want to hear about prioritizing activities, for him everything is always a priority and... — read more
Quarterly Bonus Advance is here!!!
Share your expectations, give a $ range and upvote the answer. Sorry, couldn't create a poll.
The place is falling apart.
Our overseas partners have lost write access because ... Germany is close to Ukraine or something; not really sure why. Stateside teammates are losing access arbitrarily because their contracts have expired, though the IQN system says otherwise. ... — read more
Overworked and exhausted
I don't really care if it's a normal attrition or a mass exodus. The only thing that interests me is what does Schwab intend to do so that those of us who are left would not be so overworked? I can work under this pressure for another month, after... — read more
Less motivated than ever
I certainly didn’t start to hate this place all of a sudden. I went from being full of enthusiasm and gradually came to a point of zero morale where I am today. It is difficult to work with such morale. How to regain the lost motivation? Perhaps... — read more
The Real Poll - Who is leaving after March 4
Ok. New poll. Who is leaving after March 4, annual bonus payout. I will post Green and Blue. If you are are leaving, just upvote the appropriate post.
Why hate on the people who're choosing to leave?
What do you gain by mocking people who've decided it's time to move on? This might be a great place to work for some but others are not that lucky. If they decide to leave a bad situation instead of remaining stuck in it and let us know they're... — read more
The beginning of the end
Quirk out. JJ out. Who’s next? Competitors are ripe to pick up TOS talent right now. Goodnight TOS, goodnight sweet prince, goodnight active traders… see you at Tasty or RH
SCS Leadership
Awful. On so many levels. Everyone is burned out. I’ve never seen anything like it. Direct people managers don’t know what’s going on, upper management is touting themselves as “premier” and building “world class service”. We’ve been hearing for 2... — read more
Bonus actuals
Former level 58 who left for greener pastures last year. I'm curious how much bonus I would have gotten. I see $30-60k referenced here a lot. What's the actual # that hit your bank account?
Predictions of mass attrition was wrong
Looks like the predictions for a mass exodus was all wrong. Management made a big concerted effort to provide some outstanding retention incentives. First round was in the form a some very large one time bonuses, combined with merit increases. ... — read more
Has anyone completed their performance review?
I have not received my performance review. No idea what my rating for 2021 is, nor any details on my final bonus payout. Anyone else in the same boat?
Impossible to meet deadlines
Unrealistic deadlines seem to have become a common practice at CS. I think that this is a recipe for disaster. I wonder if you are even trying to meet unrealistic deadlines? I'm starting to ignore that kind of pressure. I really don't know any... — read more
Real employee numbers…
Starting to pull the numbers (available on Schweb) for employees to see how they drop in the coming month… will post here. 2/25 45,186 total 32,412 employees 12,774 non-employees
Poll - Who is leaving after March 4?
Simply do a one word reply of Blue or Green if you are leaving after March 4.
The frustration is mounting high
I don't expect any special treatment, nor do I want some extraordinary amount of respect and appreciation from Schwab. However, I don't want to work under so much pressure and workload anymore. It's really amazing how much work I have to do. Of... — read more
No end to incompetence
Dear Simon and Mitch, thanks for basically letting everyone on our team know that we are not valued. You let go the one leader that actually knows anything about their domain. You’re left with the clown troupe. We’re all quitting very soon. Can’t... — read more
Schwab Green Thoughts
Here is an opinion of a green employee here. Zzzzzzzzzzzzzz......
Schwab Blue Thoughts
Here is an opinion of a blue employee here. I have read many of the issues that green employees are facing and some, if not most of them are shared by blue employees as well. The funny part is that you have not even seen the worst of it yet. For... — read more
Bonus / Merit
Was anyone’s bonus or merit (should be going out in the next week) valuable enough to consider staying another year?
18 more days to go
Just 18 more days to go folks. Mass exodus.
18 more days to go and counting
Already starting to interview. 2 weeks notice not absolutely necessary.