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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But but but.... it was a Monday. How could that be. That poster below was so sure it could not be a Monday....
It was just announced 75 people were let go.
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.
@dbbm+1azyvoA9 no it didn't.
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?
oh it can be a Monday - just happened to me!
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.
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.
May 12 leadership update invite just dropped. Brace yourselves.
Any idea which groups will be impacted?
Legacy Schwab here. I was just laid off.
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.
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 :)
No more frequently than quarterly, but may space out more for remainder of the year as situation dictates. Dictate.
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.