Does anyone in San Fran have any insight into how their head count will be affected?

As of today, Tuesday 17, 2019 (10:55am local time) no lay-offs to report from Austin. Anyone has seen/heard anything?

Has anything happened so far today? Wasn't September 17 supposed to be the D-Day?

When you are notified, assuming the 9/17 date is accurate, you are usually "notified" in the morning. When notified they take you away from you desk/office. This typically runs to around 11am-ish local time. This would be your direct manager, but... — read more 

people give 10-20 years of their life to a company championing it’s values to be kicked to the curb for a cheaper alternative brought in via external hires which never work as well

couple rmes are gone still showing up on whitepages tho anyone wanna name names

If it is in fact true that the only reason any of us have heard about these layoffs is due to a “leak” to the WSJ, than I have a whole new perspective of the ethical standards of Schwab. First off, thank you to the Whisper-Blower for getting it out... — read more 

There are a number of jokesters here posting nonsense and fake news. Anyone heard of any actual notifications that went out? And please stop with the MD in Chicago.

Despite a number of fake posts about notifications at Denver and Austin, there has been no layoffs today in any of the major offices. Can’t speak for branches and FC roles. All indications from what people are saying, it will be tomorrow. And... — read more 

its sad that people build up sick days for emergencies , then when a rif happens they get nothing for theis sick days they built up , companies could at least pay them 1/3 of the days they built up ..

Any new news?

Schwab is the worst company I ever worked for in my 30 years of IT career At first, they claimed that it would free up my time to focus on the important jobs after they have me trained, and hand my job off to the India Offshore Then, they tried... — read more 

Anyone cares to chime in?

Good luck!

Anyone get laid off today? (especially in the Eastern time zones)

I just read an article about Schwab laying off 600. Is this true?!?! I haven't heard anything like this.

On Tuesday the 17th, will people be told they are laid off and then have to pack up and leave that day? Or will they be told and then stay on for the standard two months to transition everything over? Right now everyone just has regular... — read more 

It's from 2009 but is this basically what they'll be following? https://www.sec.gov/Archives/edgar/data/316709/000119312509037420/dex10325.htm

Here goes, I have a couple of decent sources who have independently confirmed a few of these. Once again these are rumors. Some folks in CSIM and SPS have already been told. Field Enablement will take a large cut. Branch and Sales... — read more 

It's been somber, and awfully quiet in the offices. From Austin to Denver to Raleigh to San Francisco. Somber is the operative key word. People going about their business like the walking dead. Good luck Schwabies. The end is near, for some.

Got from a very reliable source that the date is September 17. Good luck.

Heard news about major layoff planned in USA and Singapore on 17th September. Most financial analysts roles n low admin jobs to be eliminated. Technically most of the worldwide offices to be reduced. Singapore and Hongkong will take major hit.

Does anyone have a clue what locations could be closing next? At this point even a rumor with some logic to it could be valuable.

Just read this in one of the other threads: "Just received an email today that approximately 600 roles company wide will be eliminated starting the week of the 16th." Can anybody confirm this? 600 is significantly more than I expected - but I... — read more 

Why announce layoffs with no other info and then let us stress for days over who will be hit and how many will be affected and a myriad of other things? Why not just get it over with right away? Anything would be better than this wait - even... — read more 

I recall seeing people post here complaining about minimal bonuses or wage increases. I was well aware of what was going on in the sector and economy, and thought of how totally clued out those people must be, and how they'd soon be grateful to... — read more 

When they are riding high they lay people off, when they ramp up they make promises of awesome bs to come. Check the share point and you will notice most all the people have been there less than 2 years, or right about 10-11 years. It's... — read more 

Layoffs next week (9/16/2019) were just announced. No information yet on severance or the effective date.

I work on the front line, client facing support. We were ALL notified in an email towards the end of the regular shift. Most the floor immediately stood up and looked for managers to ask questions. Managers looked for directors. Directors came on the... — read more 

Well I’ve been through 5 layoffs here, from the early days of electronic brokerage to the tech behemoth we have grown into. O don’t expect to be around after next week. I’m a Dino. I still have a mortgage, kids, wife, and multiple “responsibilities”... — read more 

Document, build a portfolio of your best work Duplicate important contact information to private accounts Build relationships with your coworkers Build an emergency fund Get private unemployment insurance (cafii.com or... — read more 

Try to work with headhunters, not ideal and a lot of shady things in this space but if you find a good one go with her/him... I work for a competitor and I just hired a guy in his early 60s. A good headhunter will help you adjust your resume and may... — read more 

For new folks here, there is an "ACTIVE" button right above the first thread - you can use it to see what posts had recent replies. That's all from me. Anyhow, I hope this helps someone. Good luck all...

Do you know if we have less expensive options in California - COBRA health insurance is very expensive

SOURCE BELOW: Charles Schwab to Cut 600 Employees, or About 3% of Staff The move comes as firms across Wall Street and beyond grapple with a shift in Federal Reserve policy that took some by surprise By Lisa Beilfuss Updated Sept... — read more 

Good luck all... I retired in 2017, I guess it worked out... I wish you all the best!!!

Here it goes: @VTCKZ1i or thelayoff.com/t/VTCKZ1i