It’s amazing how you plead ignorance whenever someone good leaves and then think offering an on the spot promo can actually force someone to stay. People are leaving because they can’t stand the Simon says culture, constant change in direction and... — read more
MD had very low engagement survey results for the second time. So HR is now talking to team to get feedback. Is HR to be trusted or is this a way to weed out the dissidents?
Where do people look for new jobs besides dice, indeed and linked in ? mds dont care how bad their managers are and i need to start somewhere else.
Does the leadership have any vision for Schwab anymore? Or do they think only of their own future?
I used to like working here, but things have changed drastically in the last several years. Now the culture is toxic, the environment is toxic, management is toxic, and even my coworkers have gone from friendly and helpful to competitive and hostile... — read more
Just checking in to see if the army of PMs have made any progress with the integration of TDA? Still on track for 2023?
If yes, when?
Anyone got a count of attrition in Bashar's org? Seems like his lovely personality is wearing on people.
My colleagues are talking about possible cuts, many rumors are already circulating, some are already looking for other options, thinking that they might be a target. I wouldn't say that Schwab is doing badly, and that's why these rumors surprise me... — read more
What are everyone's thought's on the Talent review? Is this a tool for upcoming layoffs? Because we know layoffs are coming... sooner or later.
Anyone know what the layoff package is at Schwab?
With so many employees who very openly say that they would like to be laid off, it is clear that something is wrong with the culture at Schwab. If I were the leader, I would be worried about it, but I don't think they care about it in the least... — read more
Is Schwab having a liquidity problem? Earnings last quarter say no, prior quarter say yes… client here that cannot access monies…you tell me why? Account issue remains unresolved despite promises
I would also like to receive a package and then find something better. However, I still don't think it's a good idea to provoke the management in order to increase my chances of becoming a target, and I know several people who are doing exactly... — read more
For several years working here was nice for me. However, the constant changes that are happening have started to bother me and now I would even like to be laid off. Moreover, I don't think there were ever so many people at Schwab who are expecting ... — read more
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
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
I was going to be interviewed and then the recruiter went silent.
Per the email yesterday, it looks like Schwab isn’t going to sh-t can anyone until at least 2023. Praise be!
After Musk's tweet, I hope Walt doesn't get inspired to push full 5-day RTO. How's your RTO been till now?
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
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?
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
This is problematic: CNBC -- https://www.youtube.com/watch?v=0TksSR7r0qg
I think we'll be in a recession within a few months. Do you think we'll have job cuts if a recession hits?
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
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
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
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.
"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
Share your expectations, give a $ range and upvote the answer. Sorry, couldn't create a poll.
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
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
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
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.
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