I work for TD Amertirade and I wanted to see what Schwab employees expecting to happen as the acquisition is executed. Not sure if you’ve done things like before and if there are any patterns. Any info is welcome. Thanks.
3 replies (most recent on top)
TD's IT dept will be hurt most, no doubt.
i've been through a number of these acquisitions, though not as big as TD Ameritrade. Two examples are Options Express, USAA, and the ill-fated USBank. There is just one word to describe the process of the post acqusition. Pac-Man. Gooble gooble power pellet. The acquired firm usually gets gobbled up, with its staff eliminated down a skeletal crew. What is left over, maybe we will keep around to kick around.
Good luck TD Ameritrade, but you just got gobbled.
First off, I just exercised a big load of stock options. Woo hoo. Lets say exercise at 50. I also unloaded years of ESPP. Woohoo. And sold a bunch of RSUs. Second, I would prepare for another round layoffs my friend. TD also uses PCF. Schwab uses PCF. Do you think we need that many PCF AI licenses? Can we say CloudOps elimination?