Are any rumors circulating? I haven't heard anything.
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1100 contractors and 600 employees. So 1700 total.
Schwab’s business model of relying almost entirely on the interest rate spread will k–l them. The USA won’t be seeing the ‘normal’ 5% interest rates for a very long time.
I am a client of both actually and It seems they care for their employees a heck of a lot more than Schwab does. I realize business is business but based on the comments and the actual hurt and devastation that this lay-off caused, their approach was awful and again from what I’ve read on this website also handled very poorly. I’m all about karma and am worried about how this will at some point impact me when karma comes knocking at Schwab’s door!
If you don't like the dark feeling you had when you went to a branch, don't forget you can always go to Vanguard ;)
I am a client and was just searching the web and came across this website. Sounds like they didn’t manage this process well at all. When I went into the branch Friday it wasn’t the same happy Schwab feeling. Feels dark now. Lots of fake smiles. And for good reason. Feel so bad. Glad there is a place for those affected to vent (referring to this website).
Actually a lot more from the sounds of it.
Did they really lay off 600?