Topics regarding layoffs at Charles Schwab Corp.

Topics regarding layoffs at Charles Schwab Corp.

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 

Job Cuts in Progress

Got an email from a Schwab side Distinguished Engineer (i.e. senior tech director) who was let go today too. So looks like it's both companies who are trimming today.

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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 

Return to Office

What kind of attrition do you folks expect from TD/Schwab to Fidelity, Robinhood, and others in the next year over return to office? https://www.zerohedge.com/economics/more-workers-are-quitting-their-jobs-instead-returning-office

My pay is going backwards.

Based on my current bonus at TDA if they are the same going forward the next two quarters, I will be making less than the year before. I feel if you are dealing with the extra bs daily you should be compensated more. It seems HR at both companies... —  read more 

Schwab is hiring?

Why does leadership feel like it's okay to tell TDA teams that they're aggressively hiring (especially in tech) as they continue laying off thousands of people? They have so much work but we sit here with nothing meaningful to do. Does anyone at... —  read more 

Q2 layoffs: May 10

They are coming, a few different groups will be involved. Ongoing layoff planning for every quarter, the second Monday – Feb 8 happened, May 10 coming, look for similar in August and November all the way past CD1 in 2023.

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