Thread regarding Charles Schwab Corp. layoffs

Will they please just fire me already.

This chaos is brutal. Just fire us already, so we can get on with our lives.

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Post ID: @OP+1nPIW7rY

13 replies (most recent on top)

I posted it in some other thread here a few days ago. I know people need to vent but please, for the love of God, do not tip your hand when it comes to your desire to leave the company. Play safe.

from https://efte.twc.texas.gov/types_of_work_separations.html

look for the paragraph on "Quit or Discharge - Close Cases", in particular these:
#1 - Whoever first brought up the subject of a work separation might be held to be the one who initiated the separation.
#8 - If an employee asks to be laid off, be careful - that can be a trap. Do not react like some employers have and fire the employee. Remember, if the employee resigns, they have the burden of proving good work-related cause to quit....

you can read it yourself at the link above. I would appreciate your thoughts, sometimes I get things wrong, but I would be careful with going to my boss and asking for some mythical list of voluntary layoffs. I'm not a lawyer though.
My best wishes

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Post ID: @1oto+1nPIW7rY

I'd be happy to go with full severance and truly hope they ask for volunteers.

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Post ID: @1fhl+1nPIW7rY

For Schwabbie here, had more than 5 years with the company and used to think fondly of the company.

If you think you have the slightest amount of risk of losing your job in the next couple of months, I would strongly suggest start looking now. I was in the job market looking for a new role and it took me several months to find a new position. There are jobs out there, but the companies that are hiring are taking a long time with interviews, background checks, dr-gs screens, etc. You're realistically looking at at least 2-3 months, or more, from application to your start date.

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Post ID: @1mzr+1nPIW7rY

@lly+1nPIW7rY It surely works. Just express your interest to your manager. It will be taken care when time comes or may be even asap

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Post ID: @1ujk+1nPIW7rY

“Have the ba--s to tell your boss 2 up that you want out”

@dmy+1nPIW7rY

Does that actually work? Should I ask HR.

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Post ID: @lly+1nPIW7rY

The suspense is driving me crazy too!

If we do have to keep waiting though, I'm at least glad to have the time to accrue more vacation hours while using sick time to deal with any health issues/medical appointments I've been putting off. Going to try and put a little extra savings aside in the meantime too, though that part may not be possible with the way expenses have gone up over the last year.

I feel awful for the real estate teams working frantically to figure out all the RTO seating, only to have that work be largely pointless when layoffs result in needing to restack right away.

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Post ID: @tjm+1nPIW7rY

Have the ba--s to tell your boss 2 up that you want out. If you’re a targeted group they’ll gladly do it to save other jobs and hard decisions.

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Post ID: @dmy+1nPIW7rY

Just think about it. All this anguish and stress just so they could announce reductions to shareholders. All to prop up the share price. They could have waited until they knew what the fck they were doing. but the price!! Heartless.

Whats worse is they repeat the mantra that share price doesn't matter in the short term, it will go up and it will go down and that is ok as long as we focus on the long term.

So much anxiety, stress, anguish and fear. All for the short term price.

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Post ID: @gaq+1nPIW7rY

No, they would like to put you through mental anguish for the next 4 months and get you to quit. Gotta save money on those packages, you know?

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Post ID: @mxg+1nPIW7rY

@OP: post your schwab id, dont be a kiddo! we'll expedite your 'owning your future' process.

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Post ID: @acn+1nPIW7rY

At this point looks like 7/31, if before transition at all.

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Post ID: @qjk+1nPIW7rY

It is brutal. Another weekend wondering and worrying.

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Post ID: @xjr+1nPIW7rY

Same.

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Post ID: @wfa+1nPIW7rY

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