Topics regarding layoffs at Charles Schwab Corp.

Topics regarding layoffs at Charles Schwab Corp.

Bonus Pool Funding

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.

Layoffs 2021 Happening

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.

February Layoff Rumors

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 

Layoffs were expected

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 

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No More Layoffs in 2021

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 

Schwabs First Rodeo

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 

Rate Schwab on GlassDoor

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.

One-Sided Layoffs

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 

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