Thread regarding Charles Schwab Corp. layoffs

Do we have an update on layoffs?

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| 3809 views | | 6 replies (last October 31, 2022)
Post ID: @OP+1j5mhxl4

6 replies (most recent on top)

I aswell gave heard nothing of lay-offs. Actually just the opposite. Our branch is under employee capacity given assets under management, we may bring on more employees. Secondly our back office continues to ask for delegation of tasks, I believe they get it. I have not heard anyone being let go.

As a broker-dealer/ registered investment advisoe makes money on interest rates, management services, and commissions... the hikes should be good for business by way of spread. Also, or advisory fees are widely percentage of AUM not performance. Not heavily cyclical.

I feel schwab employees (and other established BD/RIAs are in a good spot for an upcoming recession.

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Post ID: @jrvm+1j5mhxl4

Level 60 here. Layoffs are scheduled for November 2022.

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Post ID: @ivou+1j5mhxl4

CD1 is a joke. Would have been done already had any of the smart leaders stayed. Noodles and his crew milking every ounce for job security.

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Post ID: @5aoq+1j5mhxl4

I haven't heard of anything regarding layoffs. Some teams are actively looking to increase head count, or fill roles from those that left. STS. So this may depend on the team. If you are involved in CD1, I can't see them cutting staff given how tight things are.

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Post ID: @3kys+1j5mhxl4

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