Topics regarding layoffs at Charles Schwab Corp.

Topics regarding layoffs at Charles Schwab Corp.

The worst is yet to come

We haven't seen the worst of the attrition. If I were a betting man, I'd bet on mass exodus in March-April. Retention and/or integration bonuses beyond that won't matter. The company is tone deaf and the talented ones know it. Talent is leaving and... —  read more 

Layoffs on 11/2, several hundred

Looks like November 2nd is the next round of layoffs. Don't have exact numbers, but expect several hundred will be impacted. No word if it will be blue or green heavy. Will post more details as they become available.

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Competitors and WFH

I have not inquired in more detail but is it true that all our direct competitors are offering far more generous WFH policies? Maybe Schwaab could try to catch up a bit with the competitors because in case that is true it will not be a surprise if... —  read more 

Prevent mass attrition!

Can Schwab do something to stop all my best colleagues from leaving? Maybe they should first examine why people are leaving in the first place? Everything that leadership does in this regard is not effective. This has already become awful. Some... —  read more 

I care to keep my job here

Someone might say I'm a cheerleader, but I'm not. It's just that before I came here I worked in a company where working conditions are much worse. For now, I would like to keep my job here and I try to be a good performer. However, despite all the... —  read more 

Attrition…Why?

It’s an open secret that there’s attrition in the financial services industry. Those that left Schwab/TD on their own accord, why did you leave? For TD specifically, what caused you to jump elsewhere?

Why have branches re-opened?

If the company RTO isn’t until January 2022 at the earliest with the exception of volunteers then why are branch employees being required to come back? Isn’t it riskier for the company if employees get sick after being exposed to random walk ins who... —  read more 

Time to accept facts

None of us are safe from layoffs. Layoffs have sadly become the new normal and they will continue indefinitely. There is no end in sight to this. If you want job security now or at some point in the future, you should get a job someplace else. These... —  read more 

Facing the truth

My problem is I let myself stay too long and the only thing I know is CS. I became too comfortable, too complacent and now I’m afraid to try something else. It doesn’t make me a bad person. No matter how much I now dislike the company my fear of... —  read more 

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