Topics regarding layoffs at Charles Schwab Corp.

Topics regarding layoffs at Charles Schwab Corp.

Who's volunteering?

Seriously - this is supposed to be a great benefit but when is their time for this?

Chuck at White House

Anyone else think the recent reddit post about Chuck at the WH is a marketing blunder? Trump crowing about how Chuck made $2.5B during recent market rally makes the company look shady. Trust lost in a moment?

Does Schwab have a compliance department?

I’m confused—how is what happened in the Oval Office today not considered insider trading? Trump openly bragged about making Charles Schwab $2 billion richer, while Chuck stood there taking it all in. If that’s not a red flag for market manipulation... — read more 

Tariffs

The price of everything, other than oil, corn, and soybeans, will cost an additional 10 percent after Liberation Day. Stuff from China will now be more than double its pre-Lib price. I'm expecting a 10% staff reduction right around June 30. I plan... — read more 

Charles Schwab

Does Mr. Schwab ever swing by some of the Southern Florida offices occasionally. I'm curious his opinion about how his company is operating and Trump Tariff F-u-ckups.

TDA bonus percentages ARE higher

Surfacing a sub-discussion from another thread… yes, in general, the TDA folks get a higher bonus percent. Happy to hear whatever you are willing to share, but I am a Sr Manager (non-PL) who gets 20% - my understanding is that is a Schwab director... — read more 

Incompetence wins

The majority of so-called managers at Schwab couldn’t lead their way out of a paper bag. Always quick to throw the team under the bus when their own terrible calls blow up. Feels like working with a bunch of clueless kids, and I’m truly too old for... — read more 

STL “Org Changes”

We’ve been told there are “org changes” underway today that primarily affect CS&S Core pros in St. Louis. Has anyone been notified of these changes? Any ideas on how many folks are impacted by these changes?

Pointless Acquisition

Looking back at this purchase in retrospect. What did Schwab gain in purchasing TD Ameritrade. Seems like a waste TD Advisors still upset with a less intuitive product / Schwab Advisors upset when they get different answers when calling

Meat grinder with zombie employees low moral

Walt Bettinger and his team of sycophants have been drinking at the trough for years at the expense of employees. Several years ago poor investment by the firm led to severe financial issues. Staff already underpaid were severely affected with 70% of... — read more 

Rick plotting

How long until Rick conducts his first round of layoffs? Seems like that’s managements only strategy in a down market

How many jobs were outsourced by Schwab

How many jobs were outsourced by Schwab since COVID. Let's put this together and send it to Trump and DOGE. Instead of creating jobs here Schwab sent most of the jobs offshore. Before COVID onsite job count, offshore job count Current onsite job... — read more 

Ethics concerns/conflicts of interest coming?

The end of the CFPB. Lots of other regulators getting cut. How long before we start seeing major conflicts of interest? Starting to wonder where is the ethical line for employees - like what actions would our overlords have to take to make me quit?... — read more 

Tableau - STS layoffs

Who runs tableau, specifically myservice? Have they been laid off? Why has the data not updated? Entire departments rely on this information, the fact that we are a call center and pushing to be lean, it’s mind blowing that someone still has a job... — read more 

Something's definily up

My manager told me a month ago her manager is moving to Westlake. Today my manager gave her notice. Both of them and me are in Austin. Other colleagues here in Austin and in Phoenix have told me it's because they're closing the office here next year... — read more 

March 7 Attrition

Curious if anyone has heard about personnel in their enterprise that are collecting their bonuses on March 7th and leaving the firm. I overheard of several people today that are leaving after bonuses are paid out. Someone also mentioned that this... — read more 

T2 worth it any more?

Been seeing more posting in CS&S around T2 postings lately, curious the culture there. Of the leaders I’ve met it seems like maybe it’s worse than staying on the front line. Is there a way to know for sure the leader you will get, don’t want stuck... — read more 

Any other good brokerage accounts besides Schwab

Please give me pros and cons. I hear Fidelity automatically gives you a higher yield on your cash compared to Schwab. With Schwab you need to move the cash to a money market fund to get the same. You can take advantage of quick buying opportunities... — read more 

Schwab 2025 and layoffs D

I understand this board is for discussing layoffs but layoffs don’t happen in a silo. A company’s culture and leadership decisions tell you a lot about who makes these calls and why. IMO Schwab’s leadership has shown a pattern of behavior worth... — read more 

Heavy recruiting

I’ve recently been bombarded by recruiters reach out about Schwab roles. Came over here and seeing heavy activity on lay-off website. lol What’s the deal?

Another Monday another pointless commute

So glad I get another dose of this toxic culture and get to collaborate with my coworkers who will waste at least two hours of my time talking about the Super Bowl tomorrow instead of working from my home office in peace

Schwab is like Hospice for your career

Horrible senior management they use people over work them and pay is very low for the industry. From my experience Top management only manages up. Useless make work form over function meetings and projects so middle managers can show their... — read more 

Graduating college students read

If you’re graduating from college and think that you will have a great career and finance, if you join this firm, you’re completely mistaken you will become part of the meat grinder. They will work you put your new cube 90% of the time honor your... — read more 

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