Our area’s rating went from number 4 overall to 24! Ha ha that’s what happens when you do outside surveys and not rigged internal ones. Check your area’s 2023 vs 2024 numbers. Hope they get the message soon but to be honest it is probably already too... — read more
Approval for Austin transfer withdrawn
I got approval to change my work location from Denver to Austin months ago. I was finally all set to move in just a few weeks. I signed a lease for a house. My wife even got a job there. She already gave notice at her current job. Today I was told... — read more
Is there an increase in the number of senior employees being pushed out?
It would make sense, because seniority, coming with accumulated knowledge and proven skills, costs the company more. But I’ve noticed as of recently that they’ve been targeted more frequently than usual in my immediate environment. They are being... — read more
Posts with large number of negative reactions
Why are there some posts with a large number of negative reactions when the average post does not have that? Is Schwab doing it for damage control?
So Club. Much Recognize.
The new “Champions club” announcement just made me roll my eyes. I don’t want to fly somewhere to hobnob with execs, that’s a prize?!? Just give me the money as a bonus increase or some extra shares. Even better, extra WFH day! And having seen how... — read more
How many companies will implement RTO before recognizing its stupid?
Unless all of them are doing it only as an attrition strategy. If that’s the case, then how many will continue doing it until they realize they are also losing talent due to RTO?
Considering an offer from Chuck. Good, bad, ugly?
Recognizing this probably isn't the best place to ask as my current company's board is full of cynical misanthropes (me being one of enlightened ones!) facing similar complaints regarding executive committees, RTO, layoffs, etc... ...but is the... — read more
RTO 5 days - AT&T
Future is coming…
Walts performance
The wonderous Walter is leaving us with a 3 year stock performance of negative 13 percent in one of the biggest economic booms ever. The S&P 500 is up 27 percent during the same time. Why are we giving this guy a pass and a huge bonus? Now he sits on... — read more
DFW Garage Clown Show
Garage 1 closing in January due to structural issues Hope you don’t need to get to your desk quickly! Enjoy riding shuttles and golf carts
Return-to-Office Mandates and Brain Drain
https://cdn.arstechnica.net/wp-content/uploads/2024/12/5031481.pdf Return-to-office (RTO) mandates have caused companies to lose some of their best workers, a study tracking over 3 million workers at 54 "high-tech and financial" firms at the S&P 500... — read more
I’m done with Schwab
Only three years here, and I’m done. What seemed like a dream job turned out to be a major letdown with boring work, zero growth, and a paycheck that doesn’t match the effort. I honestly don’t know how leadership expects this to last, especially when... — read more
Schwab is violent
Charles Schwab’s failure to pay many of its employees a living wage is a form of systemic violence that undermines their dignity and well-being, forcing them into financial insecurity despite their labor driving the company’s success. This... — read more
Disfunctional HR Ops strikes again
More terrible behavior pushing senior people out the door....replacing institutional knowledge with more chronies and yes people. Way to go C. N. That terrible hire has single handedly forced all senior talent out the door that was trying to fix... — read more
SCHWAB - YOUR CLIENT SYSTEM IS BROKEN AGAIN
SCHWAB - YOUR CLIENT SYSTEM IS BROKEN AGAIN.
Fido bonuses and raises
Fidelity pays in December instead of our March madness. They are seeing zero bonuses and small raises across divisions. A few are getting bumps but they are lower paid to start. Hope we are better. But expect bad news and be happily surprised is... — read more
Curious…
Anyone know of the best way to look up the names of other professionals or leaders in the firm if you don’t have their last names? I know about broker check but was so used to teams that I never bothered to keep track of last names. Would like to say... — read more
Insider Trades
Does anyone else have alerts set For Schwab Insider trades ? you should see when Chuck sells or his family sells. Which beach house do they need now. I care more about when our executive useless council does trading. Love chuck and his daughter! And... — read more
Friendly reminder
Our company still wants fewer butts in seats. Undeserved bad reviews, performance plans, RTO, withheld work, vague objectives, micromanagement and small raises are all part of the playbook. Record everything. Be aware of two party consent states... — read more
Phone job
Is being on the phone the worst job at Schwab or is there anything worse? The leadership is also terrible
Leadership should read
Over the past five years, the environment has shifted dramatically. During the pandemic, remote work was handled well, and productivity remained high. However, everything changed in mid-2023 when leadership introduced return-to-office (RTO)... — read more
Glass Door
Does anyone know how Schwab (other firms too I’d guess) is able to monitor and police what is posted on Glassdoor? I have tried to post a couple times listing the pro’s and cons from my experience at Schwab and both were rejected, the most recent one... — read more
I'm giving Thanks this year that I no longer work at Schwab
Sorry to all of you still there. Hope you find something much better. Happy Thanksgiving!
Has anyone in Austin heard anything about relocation assistance
Just wondering if they will be helping with the cost of moving to DFW when they close the campus in 2026.
Walt’s last month
Everyone else as excited as I am that this is Walt’s last month? This toxic wasteland needs a major change.
FYI
The higher ups have directed us PLs to make the lives of the employees miserable so that they can get people to quit. We over hired and cannot handle bad press after the banking fiasco. We are first being directed to get rid of anyone telecommuting... — read more
How long before they close the St. Louis office?
Multiple long-tenured Managers have recently left, nothing on the activities calendar for 2025, hot food vendor replaced for gas station quality sandwiches, no hiring in STL, etc. The writing is on the wall....
9 box
9 box reviews are still happening. I know they’re always looking to offload people but I hate it.
Another night without sleep
Anyone else just give up on trying to sleep properly? I’m so burnt out that I can’t even see the point of being rested for work when you’re dragging through the day anyway. Energy doesn’t seem to matter anymore. It’s all the same, just surviving one... — read more
Salary correction Gimmick of Service Based Company
Sequence of Events for Salary correction Gimmick: The employee’s visa is filed, specifying a new wage in the Labor Condition Application (LCA). The visa application is approved. Despite the approval, the updated terms of the LCA are not... — read more
How to..
Need some suggestions on this. My manager talks about my peers and even folks above my grade with me (not in a positive way). I can't really push him back as i think he would then talk about me with others. How do I report this anonymously without... — read more
Sweep Cash
Make sure you do not keep uninvested cash in sweep accounts and move it to higher yielding options. Schwab is making money out of your ignorance or... — read more
Employee Advisory Council (EAC): Useful?
Has any org seen any actions come out of the Employee Advisory Council (EAC) that was formed to "give voice" to employees after the mass layoffs and RTO? Does your EAC representative even ask you for input? Do they give any updates out of their... — read more
Mark my words
An inflexible attitude towards remote work will cost Schwab many more employees - and most of them the best ones - than they expect. I don't know a single person who's not looking for something else that allows work from home. I can't believe the... — read more
Something has changed at schwab
This place is so segmented. So disconnected. Not only are teams so separated from each other, there absolutely zero collaboration. The interesting thing is that it got much worse with RTO. I barely speak to my team members any more. Nobody seems... — read more
Engagement Survey Isn't Anonymous
Just wanted to let people know that the engagement survey isn't exactly anonymous. Upper Management can't see your name but they can filter the results by location and grade level. It is easy to tell who scored negatively if you only have 3 or 4... — read more
Schwab leadership using RTO as quiet layoff opportunity
Today i was told I was denied my exception. I've been a telecommuter for over 7 years now. Here's the real punch to the gut: since I live over 200 miles from a service center they didn't assign me a cube or even give me the option to choose a... — read more
Omaha branch
The leaders of the Omaha branch are a perfect example of why Schwab would su-k. Oh they just laid of 2k people while you sit and doing nothing. They ARE worthless and terrible people. AE is extremely manipulative on younger employees and he doesn’t... — read more
Lack of creative thinking will run us to the ground
This place is set in its ways, and nowadays that can cause a swift death. No upward mobility weeds out talent, and just contributes to rigidity. It’s a very novel idea to take on people, squeeze the life out of them in short order for not really a... — read more