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For those wondering, 425 Market. 211 lease is up April 2028.
@w9 they are opening a new office space in San Fran.
Too bad they didn’t use it as an opportunity to drain the dark and deep Schwamp! They could start with that hornets nest of dinosaurs in SF! Instead I’m sure good people were hurt again instead.
Layoffs?!? Layoffs?!? That’s impossible. I was told by reliable sources at the corporate update that no layoffs were “planned.” Crazy coincidence the layoffs that were not planned just happen to have occurred the week after the Impact roadshow. What are the odds? To be fair to Rick though technically he wasn’t lying. True Layoffs only come from the Layoff region in France. All other layoffs are just sparkling white Reorgs. Seriously, though good luck to those affected. It’s a blessing in disguise.
Axe ec
@n2 This nails my experience in platform perfectly. i do not ask questions any more. i saw too many people get blacklisted for questioning authority. they are right, the rest of us need to follow orders. why else would they be in a director position!!!!!!!!
They don’t want smart, hard working people. They want young, foreign, passive, mediocre, easily brain washed clowns with little ambition. It’s essentially a government job. Consider it a compliment if you’re let go!
I heard some MD in CES got axed.
@jx Let’s be honest — the state of application development and architecture across most organizations today is a disaster.
Too many so-called “developers” and “architects” have no clue what they’re doing. They don’t understand scalability, reliability, or even basic engineering principles. They build fragile systems, reinvent the wheel every six months, and call it innovation.
Most architects couldn’t design a fault-tolerant system if their job depended on it. They hide behind frameworks and buzzwords instead of fundamentals. Developers rush to deliver features with zero accountability for code quality or long-term impact.
Management? They’re often worse. They make decisions with no technical grounding, blindly chase deadlines, and reward the people who talk the most rather than those who actually solve problems.
The result is a sea of bloated, unmaintainable systems that constantly break under real-world pressure — and then the same people who created the mess are the ones “leading” the next big redesign.
If organizations want to fix this, they need to start by cleaning house. Hold people accountable. Fire those who don’t understand the basics of system design, testing, or operations. Replace checkbox “architects” with real engineers who can think end-to-end.
Stop confusing titles with talent. The industry desperately needs fewer PowerPoint architects and more actual builders.
What they need to do is jettison about 75% of "leadership" rather than continue to get rid of people from front line teams that are already badly understaffed. Then go after all the software devs who don't know what an index is while complaining about bandwidth and throughout.
oh give me a break! I*O has had plenty of time to improve how they engage with us and they simply dont give a F**. Look at paltform and networking teams. selfish, arrogant people who ignore requests and take forever after you beg them to help. fire them, move it offshore, let us provision in the cloud where it takes me 10 minutes to get a load balancer spun up, my EC2s instances and I can get my work done. ancient technologists pretending to be contemporary. this has gone on for years and they cant figure it out. ALL OF THEM.
@gb Me saying people in I&O are incompetent has nothing to do with being in the office. I don't care where they are working. They have archaic processes, take 6 months to do a task that should take 10 minutes cough load balancing, expect me to understand all the stupid rules and freezes they make up to avoid doing work cough Control M cough, and can't keep pcf and bamboo stable. I don't care whether they are being incompetent from home or the office; they are just incompetent. End of story. Now stop strawmanning my argument because you can't come up with a real rebuttal.
I also agree with you on most of what you said. A lot of it is a leadership issue and strong adherence to processes.
@fk this is just heaping toxicity on top of an already toxic environment. you're mixing up mustard gas to ragebait folks you never bothered to know and refused to empathize with.
there are 30K+ schwabbies, of course some of them are terrible at their jobs—it's a massive sample size. many software folks are completely unaware of the infrastructure their app rides or how their app should even function to deploy boilerplate functionality. backbiting and driving a wedge between software and systems where there should be a bridge is emblematic of the shortsightedness that's rife at schwab. do you feel clever when you post your half-arsed attempts at angering folks you don't like? feeling's mutual, mate.
the real issue is the strict adherence to process and procedure for the sake of perception. no one—literally no one—with their hands on the wheel has any intention of changing or updating the outmoded systems to effect any real change out of fear for their jobs, all the while ignorant of the fact that their jobs are in jeopardy anyway.
this is a top-down problem. phrases like, "we've always done it this way," or, "well you're the __ expert, you tell me," are just symptoms of schwab's inability to move forward. everyone acts like they're on different teams, competing for rick's attention, instead of realizing they're just playing different positions on the same team. if the WR and the QB have a sour relationship, whose fault is it that the play ended in an incomplete pass?
y'all need to seriously learn some compassion, do some introspection, and read the phoenix project. when your new VM takes four months to deploy instead of two weeks, will you blame the same people you always do or will you realize that the archaic business process has been compounded by fewer folks to fill the requests?
of course not, you'll still be whacking away at your keyboard, complaining that folks who aren't badging in at the office every day are "ruining it for others." do everyone else a favor and get over yourself.
@dq it should've been the middle management. They're the most worthless waste of money in the whole company. Middle men that just regurgitate info.
@fj Lyrics from the seven dwarves. You know, Tiny, Says, Mickey, Menace, Med, Chuckles, and Ha---n singing. Infrastructure and operations. Back to the Gartner bimodal nonsense when marketing terms took over getting work done. Just like scrum. Cloud. AI.
@fj Infrastructure and operations. Pretty much the team that supports the IT infrastructure that development teams rely on. Org is filled with some of the most incompetent people I have met in my professional career. This layoff was probably just a way to do a friendly mass firing of that org. At least I hope they didn't lay off the skilled people and replace them with an offshore employee who can't think outside the box or even follow a script correctly.
What is I and o
@e6 yeah, i confirmed with a colleague after i asked. i also heard one org cut 33% of their directors.
@bt yes, multiple
They add more of Emphasis contractors.
@cr it’s never the middle management or leadership
@b1 there were directors, MDs if anyone knows?
@b7 sorry brotha
Something, something, no layoffs, something - Ricky
The grunts in I&O aren't the problem. But infra and operations will always be the scapegoat for others incompetence, leadership included.
@b1 If you're actually saying that most of I&O should be fired...most of I&O are just operators like any other team...just working various Tier I/II tickets. There are a lot of teams that are pissy with I&O because they are stuck escalating issues manually because the biz never bothered to give them the tools they need to do their jobs better. They don't deserve to be fired.
@b0 same. 17 years for me
wow. i got a list of names from a friend and this sounded bloody. multiple network teams, hardware planning, operations. very sorry to anyone impacted directly and for those who will now have to pick up the extra work.
They want younger and cheaper. It’s obvious. So nice of them to do it once again at the holidays. I’d hate to have their karma. They have the money to buy another company though. Gross!
@bd network team(s) were impacted?
@bf that’s brutal
27 years and cut like it was nothing.
Networking, I&O, scrum, …
Todat I got ax too..
Unless they RIFed most of I&O there is still more to do. I hope some leadersip was impacted along with Directors. Anyone know departments that were hit?
Been there 15 years and got the ax. Had no idea
we lost a guy on our team that had been with Schwab forever
Scrum too
https://x.com/TheLayoff/status/1987968039607005201?s=20
we made the list today
@a9 no, i don't know how many total.