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
Fido getting burned
Fido RTO Roast lol https://youtu.be/WO7xJVAvuWw?si=za9L1TZHz2fkC6Rr
Charles Schwab Layoffs 2025
Anyone would care to chime in with a prediction about potential Charles Schwab layoffs? Any chatter, news or rumors?
The Fed just cut rates again — and the timing is undeniably awkward
https://www.cnn.com/business/live-news/fed-meeting-november-11-07-24/index.html
2025 Layoffs confirmed (CES, STS)
Had an all hands meeting with Rama this afternoon. Confirmed that a re-org is coming that there will be layoffs soon. Did not give much more information than that.
Updates on locations
Any updates on if they are closing, reopening, or opening up new locations? Not including branch.
Working at Schwab feels like running on a treadmill
No matter how hard you work, you're still stuck in the same place with no movement forward.
The spin
Let’s see how they spin the low glint survey results this time. Katie probably won’t give her positive spiel during the update now she has been shown the door
RTO5 will be announced in January
With the layoffs and bs plus Ricky needing to appear tough it’s gonna happen. Hope I’m wrong. Confident I’m not.
Schwamily
Look what this place does to our coworkers every year around the holidays. This place su-ks and morale can’t get any lower
100+ to be affected this week?
Is this confirmed? Good luck to everyone.
Andrew Doane fired
And in other news, new posting for a Cloud Leader.....
Layoffs happening right now
Farewell emails are beginning to trickle in. What are you seeing?
Is Schwab going to reduce severance?
I've heard several people mention the possibility of severance being reduced for future rounds and I'm wondering, is this something that's likely to happen? I believe that current terms are fair for all involved, so I don't see why anybody would want... — read more
Low pay
I just found out that after 10 years with the firm, and being the highest performer on my team, I’m at the lowest end of the salary. Most of my teammates are making more than me. I’ve received many accolades over the years, with exceeds ratings. Not... — read more
What’s with rumors about targeted layoffs on 4th?
Any new info?
Happy Halloween... One year since layoffs
One year since layoffs... Are the laid off people not allowed back into Schwab?
The old guard
New CHRO. This will be the person making all the “hard” HR decisions but of course with Rick asking for it. Are there any old guards left?
Advice Needed
Been ready to get out for a while. Have a 2nd interview with another company soon and things have been going well. Job matches my experience, I’ve gotten along well with the hiring folks, and it’s a significant pay increase/better experience for my... — read more
Rick talked about RTO and WFH
They have a well thoughtout hybrid program, the 3-2 program. They like it. They want us to commit to this so we all come into a vibrant and fun office experience. We will think about our program in mid January, and convert us to to a RTO fiver... — read more
Time to layoff directors
Directors seem to be the layer we are having the issue with us relaying constructive criticism to the EC. They are the ones retaliating
Too many managers who do nothing useful
Why do we keep managers who don’t lead or offer anything of value? It’s frustrating to see how many so-called managers only check on people without contributing anything meaningful themselves. Imagine how much smoother things would run if we cut... — read more
Hidden $1.2 Trillion Debt Bo-b that Will EXPLODE by 2026
https://www.youtube.com/watch?v=7mOWFBip0Wc
I Love it at Schwab!
I’ve said it before and I’ll say it again. First year as a contractor, going on year four as an FTE - Grade 58 in STS.
Any news on layoffs. This is the usual time of year the bulk of layoffs occur. Tomorrow marks one year of last big layoff.
Good luck to those wanting to stay,and good luck to those hoping to get laid off. Either way, we are in crazy times. Take very good care of yourself, and family and friends.
Redirects on this site
Anyone get redirected to a completely unrelated site upon clicking one of the threads?
RTO and Badge Reports
I'm hearing reports from different teams that HR is actively running badge swipe details and specifically calling out non-compliance related to RTO. Anyone else hear about this happening with your team? It's unbelievable to me that random employees... — read more
Flexibility
Wish you had the flexibility to leave at your lunch time and work the rest of the day at home.
Reading Between The Lines
Rick has said, in at least 2 Town Halls I attended, that there are "no plans" to change the RTO policy in 2025. He was egged on by Walt in the initial TX townhall in relation to an Amazon RTO question on if we were following suit. I am not sure I... — read more
RTO concern
There are ppl here saying schwab won't push RTO-5 in January. It's unlikely due to notice needed. But my understanding is that they are working diligently to firm up desks and assignments. Is that going to expedite that plan if RTO-5 is required in... — read more
H-1B
Serious question. I know some people will not like to hear this but it must be said. Why do we still need H-1B employees in the US? I agree at one point the US did need people in tech who know how to code. US citizens have since caught up with the... — read more
Rick is our savior
Rick Wurster, the freshly crowned CEO of Schwab, is clearly the savior we’ve all been waiting for. With an uncanny ability to solve decades of financial and cultural decay overnight, Rick is undoubtedly going to turn things around with a snap of his... — read more
Rick is a Tool...the dullest and most useless tool
Not sure why he's assigned Comms people to come on this forum to pump up his pathetic ego, but I'm not buying it. How about showing with actions that you actually value the employees? I wonder what it would take for Schwab to fire his pathetic a-s... — read more
Rick is a breath of fresh air
While Walt is certainly a great guy, I love the new approach of hearing from Rick and more messaging from him. Definitely gives that personal touch and excited for what is to come under his leadership! While people hate on this board, I thought I... — read more
Calling all Schwabbies
Calling all Schwabbies to stand united with me on boycotting the Glint survey to demand change. We all know that there hasn’t been any positive changes implemented from our poor survey feedback. In fact, rather than listen to us they decided to use... — read more
Head of HR Working Permanently from Bahamas?
Around the water cooler someone mentioned head of HR lives and works out of Bahamas. Lists her as telecommute in Dallas but with Eastern time zone. Can anyone confirm?
Schwab is a five years tops engagement
Unless you are all geared and ready to claw, manipulate, push and overrun up the ladder, that is. If you are here just to work and not interested in climbing up, five years is the maximum before you become so overworked, exhausted and burnt out that... — read more
Anyone have any insight in coming months?
Given the current economic climate, which service companies and technology teams do you anticipate being most vulnerable to potential reductions in force?
Schwab Earnings 10/15
I am wondering if the stock will drop like last time.
TD Bank forced to pay historic $3 Billion settlement for money laundering to Justice Dept
Good lord https://apnews.com/article/td-bank-money-laundering-justice-department-75426a569d40174fd61fa7bc83026176