Thread regarding Charles Schwab Corp. layoffs

Silent layoffs

Are those still happening?

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Post ID: @OP+1jt17dndk

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Microsoft has unveiled a new AI-powered coding assistant under its GitHub platform, marking a major leap in developer productivity tools. Announced at Build 2025, the GitHub Copilot agent can autonomously write, debug, and update code, handling tasks like bug fixes, feature additions, refactoring, and documentation improvements in well-tested codebases. Unlike traditional coding assistants that only suggest code, this agent acts as a peer programmer—taking on assigned tasks, creating draft pull requests, and summarizing its work for developer review. Human approval remains required before any automated changes are integrated, ensuring security and oversight. Powered by Anthropic’s Claude 3.7 Sonnet model, the agent is currently in preview, with Microsoft seeking feedback before broader release

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Post ID: @3jw+1jt17dndk

Schwab will be moving to AI. All Indians.

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Post ID: @3dg+1jt17dndk
Seriously? Schwab can barely keep

Schwab will be moving forward with the implementation of GitHub Copilot—a tool that's already being adopted even by lower-cost offshore service providers.

The introduction of Copilot may also open the door to broader usage of other AI/automation tools from AWS and Google (many of which are free with a Google account).

If this shift happens, what could be the potential impact on offshore service providers or so-called "sweatshops"?

There are circulating rumors that some of these vendors have already been asked to offer a 20–30% discount in anticipation of reduced manual effort due to AI-assisted development.

Any inside view will help what would impact on future offshoring.

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Post ID: @3a6+1jt17dndk

Seriously? Schwab can barely keep it's tools and products functioning now. Unless they put everything back on the mainframe, that won't be happening any time soon.

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Post ID: @1j5+1jt17dndk

AI? Schwab? To get anything AI in here has to go through the AI team, be vetted by legal etc etc. Schwab can't make their mind up on any sw, thus the multiple sw products that do the same thing. All other financial companies will be running AI long before Schwab, relax, not happening in your career life time.

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Post ID: @1f7+1jt17dndk

What would be impact of AI on Contractor and service provider vendors in coming days?

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Post ID: @1ea+1jt17dndk

💯

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Post ID: @ek+1jt17dndk

6 people I know of were let go late last month

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Post ID: @e4+1jt17dndk

Oh yes they are going on - people just disappear! they don't want it in the news nor do they want to acknowledge it is going on

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Post ID: @e1+1jt17dndk

@b0+1jt17dndk
The “silent” is referring to the company not announcing them like they do for larger layoffs. People will still talk about them internally and online when they happen. No recent “silent” layoffs must have happened closely enough to hear about them (from others 😉).

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Post ID: @ca+1jt17dndk

Yes. Quarterly.

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Post ID: @b1+1jt17dndk

"I haven't heard anybody mention anything lately, so I'm wondering what's going on."

That's why they are silent.

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Post ID: @b0+1jt17dndk

I haven't heard anybody mention anything lately, so I'm wondering what's going on.

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Post ID: @a1+1jt17dndk

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