Thread regarding Charles Schwab Corp. layoffs

Q2 layoffs: May 10

They are coming, a few different groups will be involved. Ongoing layoff planning for every quarter, the second Monday – Feb 8 happened, May 10 coming, look for similar in August and November all the way past CD1 in 2023.

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Post ID: @OP+1azyvoA9

15 replies (most recent on top)

But but but.... it was a Monday. How could that be. That poster below was so sure it could not be a Monday....

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Post ID: @emsq+1azyvoA9

It was just announced 75 people were let go.

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Post ID: @ddbt+1azyvoA9

Another legacy Schwabbie, (senior, individual contributor) with 3 yrs at the firm in a technology/SWE role, laid off during mtg with skip-level manager and that person’s manager (SVP). It was a 20 minute Webex call to go over the “separation program” and timeline.

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Post ID: @dntq+1azyvoA9

How does it happen? Do they just call you? Do they set up a meeting on your calendar? Who is on the phone? Who is doing the talking? How long do you have to return paperwork? Is there any negotiating?

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Post ID: @dyiy+1azyvoA9

oh it can be a Monday - just happened to me!

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Post ID: @dbbm+1azyvoA9

Legacy Schwabbie who was laid off. Did you get the standard severance package? They try to lay off on performance right before packages. And they sometimes create performance attitude issues to those they want to lay off without a package. But if you get a lawyer, well, that may clear up the confusion.

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Post ID: @blfu+1azyvoA9

Well May 12 sounds more right. I would buy May 11. But May 10th as originally predicted. I think not. It falls on a Monday. Mondays are always a bad idea.

Look on the bright side. If you get cut, at least you don't need to worry about that disaster they call a RTO plan.

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Post ID: @9unv+1azyvoA9

May 12 leadership update invite just dropped. Brace yourselves.

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Post ID: @8nte+1azyvoA9

Any idea which groups will be impacted?

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Post ID: @8cap+1azyvoA9

Legacy Schwab here. I was just laid off.

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Post ID: @7baz+1azyvoA9

@6pak+1azyvoA9
I didn't it is never a Monday. Almost never. There is a difference. It's like I didn't say yes or no. I said maybe. Maybe. Maybe it won't be a Monday.

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Post ID: @7uuo+1azyvoA9

Last time they were Feb 8th and that was a Monday. They might change it up - but still you can't say they are NEVER on a Monday :)

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Post ID: @6pak+1azyvoA9

No more frequently than quarterly, but may space out more for remainder of the year as situation dictates. Dictate.

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Post ID: @3tsp+1azyvoA9

Layoffs are almost never on a Monday. So don't believe this posting. If this home boy had said May 11, I might be inclined to believe them. Maybe.

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Post ID: @3uqu+1azyvoA9

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