SVZb tupe closure possible. Run before you can.
Raises
Did everyone else who is salaried get very poor raises? Schwab made record all time profits last year and we got short changed. Inflation is rising so much that now I feel like I’m making less even though our workloads are much higher. Now they are... — read more
There are very few good managers here
Maybe I wouldn't even think about leaving if I had a more competent manager. However, I no longer want to work for a person with an over-inflated ego. Basically, a good manager seems to be a rarity here? Does anyone actually have one?
Doubts about working here
After a long time here, I've finally started thinking how good it would be if I wasn't here anymore. When did you first seriously start having thoughts about leaving here and looking for a new job?
Schwab stock price takes plunge
Is it the time for us? Is layoffs in financial sector looming over heads?
The final straw to leave
Sometimes it is not easy to make the decision to leave, especially if the other offers are not that much better. However, lately I am more and more sure that leaving is the best option because the amount of work I have to do, the level of stress... — read more
Inadequate pay
Considering the amount of work I do and my responsibilities here, I feel quite underpaid. Has anyone asked to get a reasonable raise or is it better to focus on looking for a new job?
engagement survey
MD had very low engagement survey results for the second time. So HR is now talking to team to get feedback. Is HR to be trusted or is this a way to weed out the dissidents?
Bonus %
Level 57 (non-STS) here and my bonus target is 15% of base salary. Does this increase with career progression as you move through the levels or is it pretty much fixed until Level 60-61?
What are odds for conversion weekend success?
I’m predicting an epic failure. Any chance I can be wrong?
401K Benchmarking Exercise - Assistance Requested
I currently work at BNY Mellon. Our CEO recently announced a change to the 401K plan. Currently our company match (max 7%) is implemented each pay period. Starting in 2023, the match will be paid at the end of the year (actually, three months after... — read more
Charles Schwab Layoffs 2023
What's your prediction as it relates to the possiblity of Charles Schwab layoffs? Any chatter, news or rumors?
Charles Schwab Layoffs 2022
What are your thoughts about potential Charles Schwab layoffs? Any chatter, news or rumors?
I just got laid off -- IT
When I took this job 5 yrs ago, I asked about layoffs and was told that Schwab "hasn't had layoffs in 15 yrs." What a joke. I just received my walking papers. I have ki---d myself at this job. For nothing. This has been an overall cr---y place... — read more
Recruiting/Negotiations Comment
Recently after 6 Months of interviewing with various Managers/Directors. I was offered a position. I tried to negotiate the base salary based on the cost of living in the location, I would be working within. With the current rates at 7% and the house... — read more
Budget Cuts Coming Up
I heard there will be a 40% budget cut across the company coming soon. Hiring freeze will be put in place as well. Good luck out there folks.
Number of locations closing
Anyone heard a number of centers are closing in 2023? Any idea what areas are impacted most?
Wfh Policy?
What's schwabs policy like? Thinking of accepting the offer but want to know how it's handled.
How is CD1 going?
Do you think everything will get done on schedule?
No more holidays
Say goodbye to your 2023 Holiday Weekends.
Resignation notice policy?
What is the notice policy if I resign?
Big disappointment
I really thought Schwab was a much better place than it turned out to be. Elsewhere, too, the employee should mostly be a yes man and glorify his manager in order to be more comfortable at his job, but here it's all about over-inflated egos... — read more
Advice to new hires?
I just started today. Any advice for a newbie on how to survive?
Attitude Change Required
Employees matter, but he clients matter more. That’s why the business exists in the first place—to serve clients. You work for the company, they don’t work for you. You may be entitled and have the attitude “well I’ll just go somewhere else, it’s an... — read more
RTO / Bonus Connection Question: Is there a connection between being physically in the office and bonus?
RTO / Bonus Connection Question: Is there a connection between being physically in the office and bonus?
SCS Leadership
Awful. On so many levels. Everyone is burned out. I’ve never seen anything like it. Direct people managers don’t know what’s going on, upper management is touting themselves as “premier” and building “world class service”. We’ve been hearing for 2... — read more
This has become such a toxic company
I used to like working here, but things have changed drastically in the last several years. Now the culture is toxic, the environment is toxic, management is toxic, and even my coworkers have gone from friendly and helpful to competitive and hostile... — read more
Message to IO&C leaders
It’s amazing how you plead ignorance whenever someone good leaves and then think offering an on the spot promo can actually force someone to stay. People are leaving because they can’t stand the Simon says culture, constant change in direction and... — read more
Booos at EC visit?
Heard great things about the Jersey City EC visit. Could there have been some boos? 😂
How is the integration going?
Just checking in to see if the army of PMs have made any progress with the integration of TDA? Still on track for 2023?
Prevent mass attrition!
Can Schwab do something to stop all my best colleagues from leaving? Maybe they should first examine why people are leaving in the first place? Everything that leadership does in this regard is not effective. This has already become awful. Some... — read more
Overworked and exhausted
I don't really care if it's a normal attrition or a mass exodus. The only thing that interests me is what does Schwab intend to do so that those of us who are left would not be so overworked? I can work under this pressure for another month, after... — read more
Lack of vision
Does the leadership have any vision for Schwab anymore? Or do they think only of their own future?
Help me leave IO&C!!!
Where do people look for new jobs besides dice, indeed and linked in ? mds dont care how bad their managers are and i need to start somewhere else.
Will layoffs happen?
If yes, when?
Another one bites the Bashar, err dust....
Anyone got a count of attrition in Bashar's org? Seems like his lovely personality is wearing on people.
I see no reason for cuts
My colleagues are talking about possible cuts, many rumors are already circulating, some are already looking for other options, thinking that they might be a target. I wouldn't say that Schwab is doing badly, and that's why these rumors surprise me... — read more
Talent review
What are everyone's thought's on the Talent review? Is this a tool for upcoming layoffs? Because we know layoffs are coming... sooner or later.