Starting to pull the numbers (available on Schweb) for employees to see how they drop in the coming month… will post here.
2/25
45,186 total
32,412 employees
12,774 non-employees
23 replies (most recent on top)
I think many are content with the 2021 annual bonus payout. And the potential for an even higher 2022 payout, and potential significant growth in value of existing RSU and ESOP awards. Plus retention bonus for critical Green hanging in for CD1.
I guess many are content and ok with staying at a company that's going to be rolling in cash as interest rates hike and we get an inverted yield curve and recession.
There has definitely been a mass exodus after March 4. Irrefutable evidence. T+ 15 days now and counting. Mass exodus indeed. I'll keep you guys posted. Expecting a 20% drop in employees. Especially green.
Monday 3/28
45,521 overall
32,678 employees
12,843 contractors
There has definitely been a hiring spree, but without tracking who was there earlier and gone now vs new, this total will get tricky. I know HR often refers to “attrition April” so… I’ll keep an eye on it for the next month or so.
It is just normal attrition. No mass exodus. No mass resignations. LOL. That thread with the poll about who is leaving after March 4th, probably came some the same 2 or 3 people, posting Green, and some Blue.
We are now T+ 16 days and all systems are a go. Business as usual.
I have seen 6, split between Blue and Green. It feels more like ordinary attrition. Based on the posts here, I did expect to hear of more.
One thing though it is probably best to check counts at a different level, say like the A2 level. Looking at the entire org, business ramping up in one area (say customer facing roles) may mask more general attrition across the company.
There is no mass exodus. All these folks saying I am leaving after March 4, are still here. Business as usual folks. Move on. BTW, the use of contingent workers, and that going up and down is normal, especially in this market. There has been a high turnaround of contractors. So far, I have not seen a lot of resignations. I have not seen any in fact. And I work across many sub-orgs.
45,465 today (+168)
32,640 employees (+136)
12,825 contractors (+32)
Lots of hires and covering contractor employees, also lots of quits…
45,297 total today 3/10 (+86 from last time)
32,504 employees (+21)
12,793 contractors (+65)
They are clearly leaning hard in to contractors to replace losses. Funny since they treat them so terribly…
Total: 45,211 (-39 since last update)
Employees: 32,483
Contractors: 12,728
They are clearly hiring a lot to offset the coming losses, so the headline may be misleading. Already my small (<10) team lost one person.
@7ikp+1ftNUWnN
Ummm last I checked Higher reports to Dhow. So his numbers are a sub-set, about 1/3 of STS overall.
And green had 10K people in the whole company. No easy way to know how many are left at this point.
5799 under Higher is technically under the CIO. So CIO is really 14,935 + 5,799 = 16,324. That means as of 3/4, about 4000 Green has left.
3/3 aka bonus eve!
32,495 employees
12,755 contractors
45,250 total (+90 since last update)
For the fans of Simonoodles: 1823 in his organization today, 14,935 under CIO, 5,799 under Higher. ;-)
Schweb, switch search box to “People”, search for Walt b, when his profile shows up click “View Org Chart” link. Can even export from Reports drop down.
Where on the Schweb did you pull those numbers?
How many in Simon Noodles org? Curious to see how many are going to quit in his department
2/28
45,160 total
32,436 employees
12,724 contractors
Fun fact: 2143 of those people are named Michael, John, David or Brian, the 5 most common names.
#whitemansworld
They are not "contractors". They are enterprising "contingent workforce" members. Otherwise known as ECWM. We call them EcmaWorms. An elite team of technologists that uses ECMA power to solve hard problems. As in NP-Complete hard. Imaging 14K+ of these elites.
Wow, almost 13,000 contractors?
Watch them remove it from Schweb…. That’s ok, there are other means to see those numbers.
Just a reminder, at its height, TDA was roughly 10K total (tech was around 2K of that). Same number of active accounts, 4x the trades, more advanced platforms. Do the math on that, lol.
Wow they got 45K+ employees. That’s like 25K too many. If schwab would only hire/retain smart people and hold the current dummies accountable, imagine how much more profitable they could be. Place is such a train wreck due to leadership.
Should count any one from TDA as a non employee. That’s the way Schwab has looked at is from the start.
Can you have Simon noodles automate this report. Let’s make a plan to make that happen.
What is a non-employee?