Thread regarding Charles Schwab Corp. layoffs

How is the integration going?

Just checking in to see if the army of PMs have made any progress with the integration of TDA? Still on track for 2023?

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| 3347 views | | 20 replies (last September 12, 2022)
Post ID: @OP+1ieuBMrg

20 replies (most recent on top)

These bonuses aren’t worth the wait, when you factor in all the years of your career in red tape until payout. There’s a clause that Schwab decides when conversion is done :/

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Post ID: @spga+1ieuBMrg

Critical teams are getting low 5 figure bonuses. Only ones getting 250k is heier and his cronies.

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Post ID: @pect+1ieuBMrg

Retention bonuses are real and more lucrative than you think.

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Post ID: @ouel+1ieuBMrg

would not be surprised about 250k retention bonus for those on critical teams. those in non critical areas are getting 100k. Not really that much when you consider it is for a 3 yr period. And can be longer if CD1 goes post November 2023 (current eta).

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Post ID: @ovtp+1ieuBMrg

Helen Keller would have done a better job driving this program. Great job Dennis!

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Post ID: @npgt+1ieuBMrg

I must have missed the sign up for the $250k bonus, or ANY retention bonus for that matter. How do I get my department qualified?

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Post ID: @azdo+1ieuBMrg

No one is getting a 250K bonus. Fake news.

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Post ID: @atpq+1ieuBMrg

Yes, but that is where the $250K Green retention bonus is supposed to help cover. That's an extra year of pay for most. You are being compensated for the "death march".

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Post ID: @acrg+1ieuBMrg

It’s such a sh!t show. They have basically told all the TDA tech teams whose software is being “kept” that they will have NO holidays and NO vacations in 2023. They will be working all of every long weekend. Who is going to stay for that death march?!?
Also they keep changing up the requirements. First it was “blue clients are going to have to wait a while to get thinkorswim”. Literally last month they reversed that to “getting blue clients thinkorswim is top priority. :-o. I said 2025 and I’m now wondering if that was optimistic…

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Post ID: @aizq+1ieuBMrg

@8glo+1ieuBMrg, RE CD1 at Q12025, is that the first wave or the last wave? There are 4 waves planned as of right now.

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Post ID: @8lro+1ieuBMrg

The whole situation reminds me of Billy Joel's, "We didn't start the fire. The dumpster fire has always been burning... we didn't star the fire."

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Post ID: @8bfh+1ieuBMrg

Billy Joel’s “52nd Street” is cd1

Posters comment on STS orgs not having a clear understanding of the company’s path could not be overstated enough.

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Post ID: @8gal+1ieuBMrg

Rumors are floating that client day 1 may not happen till Q1 2025. There are a number of issues and hurdles that are negotiating at this time.

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Post ID: @8glo+1ieuBMrg

I have heard rumors the final conversion wave will be Feb 2024. Only heard it once or twice. They are still clinging to Nov 2023.
Cant get into specific, but it feels like the blind leading the blind. This multi wave conversion will be a disaster.

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Post ID: @8shy+1ieuBMrg

We are so focused on CD1, I’m afraid there is no foresight to ever make it to CD100.

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Post ID: @2njg+1ieuBMrg

Technically it's happening and going as planned. Or lack thereof. But there's so many issues it's creating havoc on moral and engagement

This place has no vision anymore and senior leadership have failed miserably

How many orgs have a clear understanding of what the path is for this company now? Everything is siloed

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Post ID: @vyy+1ieuBMrg

On track. Under budget. All the pieces are falling in place.

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Post ID: @vcv+1ieuBMrg

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