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
Quirk out. JJ out. Who’s next? Competitors are ripe to pick up TOS talent right now. Goodnight TOS, goodnight sweet prince, goodnight active traders… see you at Tasty or RH
Awful. On so many levels. Everyone is burned out. I’ve never seen anything like it. Direct people managers don’t know what’s going on, upper management is touting themselves as “premier” and building “world class service”. We’ve been hearing for 2... — read more
Former level 58 who left for greener pastures last year. I'm curious how much bonus I would have gotten. I see $30-60k referenced here a lot. What's the actual # that hit your bank account?
Looks like the predictions for a mass exodus was all wrong. Management made a big concerted effort to provide some outstanding retention incentives. First round was in the form a some very large one time bonuses, combined with merit increases. ... — read more
I have not received my performance review. No idea what my rating for 2021 is, nor any details on my final bonus payout. Anyone else in the same boat?
Unrealistic deadlines seem to have become a common practice at CS. I think that this is a recipe for disaster. I wonder if you are even trying to meet unrealistic deadlines? I'm starting to ignore that kind of pressure. I really don't know any... — read more
Starting to pull the numbers (available on Schweb) for employees to see how they drop in the coming month… will post here. 2/25 45,186 total 32,412 employees 12,774 non-employees
Simply do a one word reply of Blue or Green if you are leaving after March 4.
I don't expect any special treatment, nor do I want some extraordinary amount of respect and appreciation from Schwab. However, I don't want to work under so much pressure and workload anymore. It's really amazing how much work I have to do. Of... — read more
Dear Simon and Mitch, thanks for basically letting everyone on our team know that we are not valued. You let go the one leader that actually knows anything about their domain. You’re left with the clown troupe. We’re all quitting very soon. Can’t... — read more
Here is an opinion of a green employee here. Zzzzzzzzzzzzzz......
Here is an opinion of a blue employee here. I have read many of the issues that green employees are facing and some, if not most of them are shared by blue employees as well. The funny part is that you have not even seen the worst of it yet. For... — read more
Was anyone’s bonus or merit (should be going out in the next week) valuable enough to consider staying another year?
Just 18 more days to go folks. Mass exodus.
Already starting to interview. 2 weeks notice not absolutely necessary.