Thread regarding Charles Schwab Corp. layoffs

*** Any News about Q4 Layoffs ***

i know it is early but any news about Q4 layoffs ?

by
| 3049 views | | 18 replies (last )
Post ID: @OP+1chRpRgd

18 replies (most recent on top)

So what I heard as a shareholder was increase before a layoff

by
|
Post ID: @8cvf+1chRpRgd

Employees found out today by email that 90% of employees are getting a 5% increase in pay. Because of inflation, feds are most likely going to raise rates and CS will be rolling in the money. Doubt there will be an significant layoffs in the near future,

by
|
Post ID: @8ntz+1chRpRgd

Spot bonus unlikely. layoffs previously in Oct, people have to be off payroll for Q4 shareholder reports

by
|
Post ID: @8que+1chRpRgd

It is never on a Monday. I have spoken.

However, let me say just speak a little bit more. It will always be on a Tuesday. Looks like somebody has a got of the Mundays! I have spoken.

by
|
Post ID: @6bpe+1chRpRgd

I think it would have to be before November 8 if they want people off the payroll completely by end of year.

by
|
Post ID: @5jew+1chRpRgd

It’s not early, wave planning opened recently. It should be Nov 8th (6th Monday of the quarter) if previous trend/my sources continue to be solid.
Planning to offer myself as tribute! I could use the 60 days of non-working time and that severance money...

You can see my correct predictions for previous rounds that were:
Feb 8
May 10
July 26

by
|
Post ID: @5xhg+1chRpRgd

Do you all think there is any chance of another $1000 spot bonus for everyone? Like back during the early pandemic days and we were forced to stay onsite to the detriment of our health and well being, while dictating essential service speech. I mean the whole RTO disaster is just that. Disaster.

by
|
Post ID: @3lra+1chRpRgd

What exactly is this regulation, sub-section 80386, sub-part DX? I have never heard of this, in all the years I have in the financial industry. Granted I don't have a series 7 like this previous poster.

by
|
Post ID: @2dst+1chRpRgd

FINRA rule 601D prevents any officers from disclosing details that are being requested here. Officers would be any MD, from A3 up to A1 level. Hence, therefore, ergo, we must declare by rule 601D, sub-section 80386, we cannot, will not, proceed with any disclosures of information that has not been made public at this point in time. Sub-section 80386, sub-part DX, really ties out hands in this matter.

by
|
Post ID: @2scm+1chRpRgd

@1ynt+1chRpRgd To the D formerly MD, i would think you may know this if you get a lot of RSUs, but when you are in your Schwab account and click on the award it has a section labeled news. Here any SEC filings will appear, news on the stock, and analyst upgrade/downgrades

by
|
Post ID: @1ulr+1chRpRgd

If you are A1 steak sauce, you don't need ESPP. You got tons of ESOPs and RSUs. Where can I find those disclosures on related forms for ESOPs and RSUs?

by
|
Post ID: @1ynt+1chRpRgd

potential impact being larger is public knowledge. If you own ESPP you can view Form 10Q, which was a filing with updated and restated severance benefits, usually filed before mass layoffs.

by
|
Post ID: @1kab+1chRpRgd

Thanks everyone. Everything you all have posted here has been pretty much right on. Nice to come here and get the real scoop. We certainly won't get it from the EC.

by
|
Post ID: @1gub+1chRpRgd

I'm keeping a fat lip at this point.
Just thought I'd participate and do my part. We got tight lips, and now we got fat lips. Thin lips anyone?

by
|
Post ID: @aze+1chRpRgd

I also need to keep a tight lip at this point.
But I can tell you - after years of working with other people's money, it is a relief now to be working with other people's futures. and their childrens' futures.
A bigger slice. Fulfillment.

by
|
Post ID: @zmu+1chRpRgd

I have the full scoop on what is happening with Q4 layoffs. However, I am hesitant to disclose the details at this time, as the there is only a limited number of people that have access to this information. They may know it's me. However, in due time, I plan to disclose the details as the plan disseminates.

I will say the "impact", especially the numbers, are tentatively higher that it has been in the previous quarters. So be prepared. Get your affairs in order. Max out on those 401k contributions. IRA contributions, cuz you may not have the resources to do catch up in 2022 before the tax cutoff.

I've already enough. I've said too much. I can't take this back.

by
|
Post ID: @oyr+1chRpRgd

Post a reply

: