I heard there will be a 40% budget cut across the company coming soon. Hiring freeze will be put in place as well. Good luck out there folks.
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I am in IT (STS). My managing director was let go today along with me and at least 4 others. All of us have worked at Schwab 8+ yrs. All are high performers. We did NOT see this coming.
It's not fake. I just got my walking papers today.
Wrong board, you meant to post to the Twitter board.
My org hasn't hired anyone in the last year except shuffling around $8/hour offshores. Effectively a freeze. I'd welcome a significant cut to get rid of either a lot of dead weight or myself. FAANG and the rest of the tech industry is doing it. We should too.
The company has to be making money hand over fist with the rising interest rates.
This is fake. We're starting to implement hiring freezes, but we are NOT cutting budget by 40%.