Thread regarding Charles Schwab Corp. layoffs

80% Layoffs to finish by 8/4

I was in a meeting and I was told we should know the list by 8/4. Is it true?

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Post ID: @OP+1nO3t3Va

16 replies (most recent on top)

HR is feverishly putting together severance sites and docs. Anyone on the scrum teams there have any insight? Packages to collect remote equipment?

There were a lot of PL that moved away from a facility and are not moving back for RTO. Expendables who can be termed in the morning and have their access turned off will go first. Those where workload and org shifts will go later. We were told 2 rounds but no firm date

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Post ID: @2ogp+1nO3t3Va

If we can just all do the needful and request the same, the world would be a better place.

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Post ID: @1vkk+1nO3t3Va

WE will ALL KNOW soon enough who was fed the corporate line of bullsh-t from their managers and on up.

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Post ID: @1aby+1nO3t3Va

@smo+1nO3t3Va

AYYY!! Haven't heard anyone refer to Chuckles in a while. We've got an O.G. over here.

I'm surprised you didn't ask anyone to do the needful.

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Post ID: @alh+1nO3t3Va

@fyd+1nO3t3Va

Actually told that's when they will be? Or did you get fed the same sh---y line of stop worrying and produce because chuckles and the rest of the circus said something nebulous about end of year in the earnings call?

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Post ID: @smo+1nO3t3Va

in our department we’ve been told they’ll be in Q4. so august sounds too early.

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Post ID: @fyd+1nO3t3Va

Why only 80% of the list? Why not do it all at once? Anyone know about their reasoning, assuming it’s real?

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Post ID: @vrq+1nO3t3Va

I haven't heard anything, but this is consistent with the type of messaging we heard back in 2019... XX% by Y date.

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Post ID: @fai+1nO3t3Va

so will we know about the list by 8/4 or will they have already acted by 8/4?

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Post ID: @cpp+1nO3t3Va

@jqr+1nO3t3Va

As an able bodied 32 year old white heteros-xual male, rip

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Post ID: @kzu+1nO3t3Va

People - they're not saying 80% of the company will be laid off. They're saying they heard 80% of the layoffs planned will be completed by that date.

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Post ID: @jta+1nO3t3Va

BCG/Bain/Mckinsey could have the Excel sheet done by noon tomorrow if you needed, just ask Meta. they use a simple filter by salary, age, gender, (and race to protect against lawsuits) against their baseline metrics with zero idea what the person's performance or tribal knowledge was.

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Post ID: @jqr+1nO3t3Va

80% within the next week? Yeah I’m gonna say that sounds pretty outlandish. If anyone could comment on what they have been told that’d be cool

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Post ID: @xzx+1nO3t3Va

Did you hear about the 80% from a reputable source? Or was it speculation?

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Post ID: @vgn+1nO3t3Va

I think OP meant 80% of the total layoffs will be identified or complete by that date

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Post ID: @fuz+1nO3t3Va

Lol, 80% layoffs

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Post ID: @ufu+1nO3t3Va

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