Contractors already selectively being let go. There was a meeting called today, it's being called a surgical layoff. High level officers next then moving down. Ironic since they just brought on USAA staff. No timeframe given but September sounds right.
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I’m looking for people who were let go from Schwab, fired, or forced to resign AFTER all of the official layoffs were completed. If this may apply to you please post here and if you’re comfortable, indicate your position/department.
Letting go of contractors(contingent workforce) is not a layoff. Contractors are used so when it's time to cut back they don't have to lay off permanent employees. Layoffs at Schwab are generally upper management and those who should have been fired but haven't been. Worked there 12 years, great company.
Any particular department? Retail only? What offices?