AI Innovation - 1) Software Firms. 2) Private Credit Firms. 3) Insurance Brokerage Firms. 4) Wealth-Management Firms. While AI contributes many useful innovations towards society, and will create (some) related jobs. The stocks of those... — read more
Inquiry Regarding Vendor Cost-Cutting Measures and Potential Impact
I'm hoping to get a clearer picture of the current situation with our vendors. I've heard whispers about potential cost-cutting measures on their end, and I'm trying to understand the impact on our side. Does anyone have any insight into whether... — read more
Robot RIck
It seems like he came into the CEO role with strong credentials on paper, but they don’t appear to be translating into effective leadership. His messaging shows little curiosity about, or interest in, how employees actually experience the firm, which... — read more
My new job description is "Mercenary"
Rick had zero cred with me. He lost more.
Mercenaries??
So we are mercenaries if we prefer to work from home? He didn't even answer the question that was asked and then said we are an in-person company. No we aren't. Haven't been for awhile but gotta get those mercenaries into the office so we don't waste... — read more
Are Schwabbies taking a stand?
Ex-schwabbie here wondering if employees are planning to group together and participate in the general strike tomorrow. As you should know Schwab is deep in bed with Trump and is so cosigning the atrocities happening at home and across the world. I'm... — read more
Schwab Brokers Termination
What have you seen brokers be fired for most commonly when management wants someone gone?
Lower MD levels are useless and not needed
If Schwab is serious about expense management, start holding MD levels accountable. Not sure how many are in STS about 50% can be reduced… they all just enable politics and misdirection as they are not needed…. If we already have 2 MD layers why... — read more
I'm reaching a breaking point
I know quitting without something lined up would blow back on me, but staying in this work environment is wearing me down piece by piece. The manager who replaced one of the best bosses I ever had, before he was cut, is wildly incompetent and masks... — read more
Record Year
Just saw an official Schwab social media post about how well the company performed last year. It’s too bad that won’t translate into better merits and bonuses Had a quick talk with my manager today and they said merits and bonuses were virtually... — read more
What happened to Schwab?
It went from being a top place to work to feeling like they're actively trying to stress us out. The change over the last few years has been unbelievable.
Check out the National Labor Relations Act
Ex-Schwabbie here. If you are dissatisfied with work conditions, pay, treatment from leadership I would highly encourage you to check out the NLRA. It gives private sector non-supervisory employees the right to discuss such issues on social media... — read more
In person attendance tracking
Here’s what stands out: It specifically flags badge-ins at non-designated buildings. Amazon says managers must use discretion, but the data is now standardized and on-demand. The conversation is no longer about remote vs. office. It's about... — read more
Just got an Email to Onboard a Person in India - New Offshore Team. How much time do I have ? I've been here 6.5 Years.
Just got an Email to Onboard a Person in India - New Offshore Team. How much time do I have ? I've been here 6.5 Years.
Cost-Cutting and Layoffs?
Hi everyone, I'm wondering if anyone has heard about potential cost-cutting measures or layoffs affecting contractors at Charles Schwab? With the current economic climate and many companies restructuring, I'm curious if there are any known plans to... — read more
The (Importance) of Fed Indepedence.
Most people (not all) do not understand - How important it is for the Fed to maintain independence in its' policy making, and monetary decision making. Does anyone really want an (unqualified) politician determining monetary policy that can... — read more
Talk to Chuck 2026
I’m genuinely surprised by the rumors of a Talk to Chuck reboot. IIRC, the original campaign launched 20 years ago as a marketing initiative built on trust, integrity, and Chuck being approachable and aligned with everyday investors. Hard to see... — read more
Jerome Powell
Good luck with interest rates for the next 3 years. Be like Powell. https://www.federalreserve.gov/newsevents/speech/powell20260111a.htm January 11, 2026 Statement by Federal Reserve Chair Jerome H. Powell Good evening. On Friday, the Department... — read more
How quickly things change
How can a company change so much for the worse in just a few short years? I still can't wrap my head around it.
The (Real) current state of the U.S. economy. Layoffs in 2026 will continue to Increase.
It amazes me that (some) employees at Charles Schwab do (not) even understand basic U.S. economics - The (2) contributors for a Major recession when they do (and have) happened during U.S. economic-financial history are Unemployment, and a Major... — read more
Management of Schwab
My manager is managing me out it is quite obvious. Is it part of the Schwab management playbook to make up bullsh-t compliance cases to terminate you for cause so Schwab does not have pay severance?
Trump Account Matching - Seriously You Don't Realize.
U.S. Government needs the (future) Tax revenue from (New children) born in the U.S. Since households are having less children over time. In 2025, it was 1.6 children per household. 1946 - 1964 - Baby boomer generation it was 3.6 children per... — read more
May 2026 Be Your Year!
To all of those who are treated like cattle sitting in small stalls all day while the elites sit in their offices with their doors closed…emerging once a day to say hi to the little people while deciding who to layoff off (mainly based on politics)... — read more
Happy New Year. I guess.
The calendar marks the end of 2025, but layoffs, politics, and nonsense persist. Like others, I joined this company years ago and delivered results. Now, I’m extracting small victories, like a tooth fairy. My team used to collaborate and execute... — read more
My boss noticed me job hunting
I was researching job openings during work yesterday, and my manager walked over and saw my screen. She confronted me about it, and I denied it in the moment. Now I'm anxious about potential consequences. Could this actually get me fired, or just put... — read more
Is it true
In coffee line waiting for barista to take my order, overheard two people behind me talking quietly about organizational changes in Q1. Has anyone heard anything about this they can share? Will it be due to layoffs?
101.37
Given the limited options and their inflated prices, a quick layoff would be ideal.
Charles Schwab Layoffs 2026
Do you predict that there will be Charles Schwab layoffs? Any chatter, news or rumors?
Is Schwab actually checking attendance? Will they ever?
Started at Schwab a while ago. I have noticed that less than 50% of the people show up on a given day where I work. Many clock in at 9:30 or later, and are gone by 3:00, plus take a looong lunch break. I am puzzled. Will the 4 day RTO really... — read more
You are not really free
All of the boomers on here will tell you that you are fortunate and should be grateful for the opportunity you have to work for a company, blah...blah. The reality is that none of us matter to any company, and none of us have ever mattered. The... — read more
They just don’t care
Doesn’t matter if you’re in STS, CRM, CSS, RPS, etc the whole system is built to benefit the top and treat everyone else as disposable. Leadership knows exactly how toxic it’s gotten but they just don’t care. As long as the stock price stays high... — read more
Title: Is Anyone Else Overwhelmed With the Amount of Work vs. the Lack of Employees/Resources?
Lately it feels like we’re drowning in projects while only a handful of full-time employees are expected to carry all of it, and somehow the workload just keeps growing. We’re constantly being assigned new tasks without any additional support, yet... — read more
Let’s just watch it all crash and not say anything!
In 1914, unskilled Ford workers were paid $5 a day for a six-day workweek — totaling $1,560/year, roughly 75 ounces of gold at the time. Today, with gold at about $4,210 per ounce, that same 75 ounces would be worth over $317,000. Meanwhile, the... — read more
Watching good people walk away
Some of the best folks I’ve worked with over the years are leaving Schwab on their own because they’re tired of guessing what’s next. It’s depressing to watch talent drain like this.
Schwoligarchy
Don't bother working for this company of you don't want to see the executive council be the only ones who get money. Also you will have no say in any company policy. If you speak up with a good idea to improve processes or morale you will be... — read more
MAJOR BONUS DISCREPANCIES
PL here. If you are a legacy Schwab employee you need to know that you are getting sc--wed badly on your bonus. Your TDA colleagues (that are peers to you) have a much higher bonus percentage (5%+ more). When Schwab switched all legacy blue... — read more
Question on being managed out.
I read that when Schwab wants you to quit they start write ups and the compliance team starts questioning your every move even if you are doing nothing wrong. Eventually Schwab sits you down and asks you to resign or else they mark your... — read more
SWA (Schwab Wealth Advisory)
Does anyone have any insight into the job satisfaction and future growth of SWA (Schwab Wealth Advisory)? There are so many job postings open around the country for advisors and managers. Is this a relatively safe division to work in at Schwab?
Schwab is awful!
Can we talk about how awful the company culture and military like the culture is at Schwab? Along with the constant broken promises for career growth to employees feels fraudulent! They have been playing all kinds of dirty tricks on employees to... — read more