Topics regarding layoffs at Charles Schwab Corp.

Topics regarding layoffs at Charles Schwab Corp.

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 

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| 590 views | | 2 replies (last November 9, 2024)
Post ID: @OP+1voQoVgr

Fido getting burned

Fido RTO Roast lol https://youtu.be/WO7xJVAvuWw?si=za9L1TZHz2fkC6Rr

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| 600 views | | 1 reply (November 8, 2024)
Post ID: @OP+1vogjAhr

Charles Schwab Layoffs 2025

Anyone would care to chime in with a prediction about potential Charles Schwab layoffs? Any chatter, news or rumors?

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.

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| 850 views | | 3 replies (last November 8, 2024)
Post ID: @OP+1vnQcoC0

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

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| 730 views | | 2 replies (last November 6, 2024)
Post ID: @OP+1vltLetx

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

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 

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| 700 views | | 1 reply (November 7, 2024)
Post ID: @OP+1vkaGezN

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 

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?

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| 600 views | | 2 replies (last November 2, 2024)
Post ID: @OP+1vh0hgZL

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 

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| 940 views | | 9 replies (last November 5, 2024)
Post ID: @OP+1vgcsZEI

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 

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| 1030 views | | 6 replies (last November 1, 2024)
Post ID: @OP+1vgTpjC9

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

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| 660 views | | 4 replies (last October 31, 2024)
Post ID: @OP+1vgTQQTv

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 

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.

Redirects on this site

Anyone get redirected to a completely unrelated site upon clicking one of the threads?

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| 520 views | | 6 replies (last October 29, 2024)
Post ID: @OP+1vbx4pcf

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 

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| 2451 views | | 23 replies (last October 29, 2024)
Post ID: @OP+1v9Gkjy0

Flexibility

Wish you had the flexibility to leave at your lunch time and work the rest of the day at home.

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| 950 views | | 7 replies (last October 29, 2024)
Post ID: @OP+1v8v0Vlj

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 

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| 2010 views | | 16 replies (last October 29, 2024)
Post ID: @OP+1v8wm9ZE

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 

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| 770 views | | 3 replies (last November 11, 2024)
Post ID: @OP+1v3D7IKb

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 

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| 740 views | | 5 replies (last October 23, 2024)
Post ID: @OP+1v3LP53U

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 

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?

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| 1260 views | | 7 replies (last October 16, 2024)
Post ID: @OP+1uZZ4XIP

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