TDA update call, cuts every qtr. from now till who knows when. Probably till full integration. I think if they asked for volunteers, they’d be overwhelmed with the response! But they’d also lose the more tenured and top performers. So, don’t think... —  read more 

Take this with a grain of salt, but there is a rumor that the Schwab Denver cafe will no longer serve spaghetti when we go back to office.

Don't get lulled into complacency. More layoffs are a guarantee. Yes, we might be safe this week or the next but that won't last more than a few months. This leadership is trigger happy when it comes to layoffs and I think we can all agree it was... —  read more 

Funny that Neesha was talking about addressing Schwab.com outages right when the stream cutout 😝😝😝

What do you all think positive or negative? Sure it aligns with most of the industry but I think its going to be confusing at least for a while. So basically 60 and 61 people leaders all have the same title and VP all the way up through SEVP have the... —  read more 

the needful must be done

Anyone who posted a question ahead of the All Hands call actually get their questions answered? Just a bunch of execs blowing smoke up each other's a$$e$,

I thought they were done with cuts, but I keep hearing there were more today from different people. Is this true?

Charles Schwab lays off hundreds more following big merger Charles Schwab told the San Francisco Business Times on Monday that it has laid off about 200 employees, but declined to say what geographies or roles were hardest... —  read more 

target date?

Thanks to everyone who has shared layoff information on this board over the years. The accuracy has been spot on. The February cuts were shared here first back in November (@OP+17KFmZOR, @OP+17VISkiL). We now find ourselves on the eve of the... —  read more 

https://www.wealthmanagement.com/industry/schwab-acknowledges-poor-service-advisors-suffer The full article is copied but this quote near the end says it all, “This whole acquisition has been a financial synergy and shareholder value play; it is... —  read more 

I am just thinking this would be good idea to have for Schwab. Disneyland is have trouble with attendance right now and cannot even get a single person into it. They will make rides based on stocks and money. What kind of names for the rides do you... —  read more 

Seriously? Kicking an extra $30M to fund the pool to only 90%. What a joke. This company spent $20B+ for Ameritrade, but can’t kick in a few extra dollars to fully find the bonus pool. Give me a break.

Just heard from a reliable source that Schwab will be issuing 60 day notice at the end of March for employees to return to the office. That seems rather ambitious considering it's probable that high some high-risk people will be still waiting for... —  read more 

More media coverage.. Not good... Massive layoffs from the Schwab-TD Ameritrade merger have snared many former employees in non-compete agreements hindering their ability to find jobs... —  read more 

The estimate is about 2k will be laid off in January February 2021 time frame. Business units have been quietly telling employees for weeks to prepare. It will be bigger than September 2019 layoffs. It is absolutely happening.

Thoughts? Any Charles Schwab Layoffs 2021? Any news or rumors?

Next round of cuts is confirmed for February. Looks like the 3rd week, with tentative target date of Feb 16. Expecting major impacts to STS, as we further consolidate.

Any rumors how the branches will be affected by layoffs? 2019 layoffs affected some branches but not all.

To start, I'm not the speculator that has been posting for the last year predicting layoffs every month. I'm hearing the next round is likely coming in February. I won't claim this as definitive, I just want to share what I've heard. We all know... —  read more 

This place was once a great place that valued and respected employees. Now it seems they do yearly layoffs.. and during a pandemic??? That shows how much they care about their people.. glad I got out in time.. what a joke.

How will a possible increase in Capital Gains Taxes affect the investing clients of the combined companies after the merger?

Who here DID NOT expect layoffs after the merger? It’s ALWAYS expected when such transactions happen. I feel empathy for those affected regardless what side it occurred on. Complaining about who was affected more is a moot point. Everyone should have... —  read more 

Layoffs are coming. That's a fact. You worrying over it will change exactly nothing. Instead of stressing yourself into needing medication for high blood pressure, start preparing. Send out your resume, spruce up your LinkedIn, see how you can reduce... —  read more 

Adding that layoffs and related steps are “the nature of combinations like this,” the CEO said Schwab is “going to look to make every decision we can based on... https://www.thinkadvisor.com/2020/10/28/schwabs-bettinger-more-job-cuts-ahead/

Who is Schwab connecting folks with to help with getting another job?

Somebody was kind enough (thanks @hzh+17DF6acy!) to share detailed info on the severance package. Pasting that info here to be more easily accessible: It is 10 days of severance pay per 1 year of services, capped at a maximum of 200 days, which... —  read more 

Quote: We understand that each of you likely has questions and wants some level of certainty about your future role. While we don’t have all the answers right now, we can share that after this week, **no additional company-wide reductions will be... —  read more 

https://www.cnn.com/2020/10/26/business/charles-schwab-td-ameritrade-merger-job-layoffs/index.html

I'm a client with Charles Schwaab and I am interested in how merger will affect us. I have some concerns. Can someone give me a useful insight on how merger can negatively impact customers and what to expect?

For veterans of the industry who may have been in these circumstances before. You can definitely tell Schwab is not prepared for an acquisition of this scale. Poorly organized, poorly communicated and just flat out chaotic. What positions were... —  read more 

However you feel about the layoffs, rate Schwab on GlassDoor so potential future employees can benefit from your experience. Help them make a good decision about whether working for Schwab is right for them.

For those that got fired, how’d it go?

Or are we the only screwed party?

Two years in a row massive layoffs heading into holiday season after promises of being solid financially and committed to their employees. All after constantly telling us no layoffs are coming. Schwab is creating a culture of fear. Nobody is happy... —  read more 

I was let go in June with only a one week warning at Charles Schwab after I was lied to and lead to believe I'd have a position until September. I had a newborn son to feed plus to make matters worst I had a close family member die from cancer and... —  read more 

Schwayoff season is here! Just in time for the holidays and spiking COVID cases. I thought we we're a Schwamily? Families don't just kick out hardworking people to save a few bucks, especially during a pandemic. I just can't believe what I'm... —  read more 

Well, as you probably all have heard there were more Schwayoffs today, all to (former) TD Ameritrade employees and none to Schwabs. This is some Schwamily they are making. I know things will be alright in the long run, but I feel betrayed. Was TDs... —  read more