I hear many rumors that the IT group will be going through a major reorganization in Q1 of 2016. Now, I know it's too early but knowing how things work in Schwab I would not be surprised if they outsource another piece to India or something like that. That always results in layoffs so do not be surprised if something like that happens.
5 replies (most recent on top)
- 1
U Won't find any employee post here. Schwab blocks all employee access to this site. SCHWAB IT LAYOFF started in 2005. The plan was to outsource 90% of the IT workforce offshore to India to save costs, following the Oracle, Microsoft, and other big firms. Little they know and not even realized that all those offshore are now onshore with the same or higher pay rate then the local employments, with little or now improvement. Their official statement was keeping the light on during the market downturn.
Vote for me and I will make sure that does not happy. Bigley
Vote for me and I'll make sure that does not happen.
We should focus on 2015 layoffs first