Thread regarding Charles Schwab Corp. layoffs

I’m done with Schwab

Only three years here, and I’m done. What seemed like a dream job turned out to be a major letdown with boring work, zero growth, and a paycheck that doesn’t match the effort. I honestly don’t know how leadership expects this to last, especially when layoffs keep happening. With so many others itching to leave, it feels like sticking around is the worst choice I could make.

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| 2712 views | | 20 replies (last December 20, 2024) | Reply
Post ID: @OP+1w2vkqow

20 replies (most recent on top)

You're not done with Schwab. If you were you wouldn't be on the internet complaining about them. If you're done, then quit and shut the f uo.

Yep, this person is absolutely done with Schwab, and can come on here to vent about it if that's what they want to do. Quitting a job isn't an easy decision, and if this person comes on here to seek support for that decision, they have every right to do so!

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Post ID: @2mlq+1w2vkqow

You're not done with Schwab. If you were you wouldn't be on the internet complaining about them. If you're done, then quit and shut the f uo.

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Post ID: @2odr+1w2vkqow

I second this that Schwab is worse. Our leaders only care about shareholders and you get better health insurance and 401k match at Fido

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Post ID: @1qwa+1w2vkqow
Not bad as Fidelity Investments… Be aware of privately held Fidelity Investments where the corporate culture is horrible and driven by greedy owners.

Nope, false -- I know several folks that left Schwab and went to Fidelity after the November 2023 layoffs, and they definitely much prefer the work culture there. No comparison!

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Post ID: @1feg+1w2vkqow

Not bad as Fidelity Investments… Be aware of privately held Fidelity Investments where the corporate culture is horrible and driven by greedy owners.

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Post ID: @1dxt+1w2vkqow

You’re not in an airport

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Post ID: @1ccr+1w2vkqow

What is going on with the fraud department at Charles Schwab? My account is suspended for numerous weeks after depositing a simple cashiers check from the local bank.

I went into the local Charles Schwab branch all I was told is the account is suspended due to fraud lock.

How long does it take to get the account locked? I have submitted my passport and driver license.

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Post ID: @1dqs+1w2vkqow

'Beyond that, Schwab's generous key contributor awards combined with the employee stock purchase plan made me a millionaire by the time I turned 50. That wouldn't have happened at any other company.'

Lol whatever. Lots of people at lots of other companies are worth a Millie before 50. You should lay off the Kool aid.

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Post ID: @1nsd+1w2vkqow

The self-centeredness of you young people thinking you have it so much harder despite all of technology that has made life and work easy for you since you were born. I didn't even have a computer at my desk when I started at Schwab let alone have internet in my home. I worked and I worked hard so I was promoted through the years and my salary grew. Beyond that, Schwab's generous key contributor awards combined with the employee stock purchase plan made me a millionaire by the time I turned 50. That wouldn't have happened at any other company.

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Post ID: @gyr+1w2vkqow

Leaving Schwab was the best thing that has happened to my career. My only regret was believing “Leadership” and working there for so long. Keep your head up and keep fighting to escape that shithole. The grass truly is greener!

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Post ID: @wwp+1w2vkqow

(Plays tiny violin)

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Post ID: @hcd+1w2vkqow

Love the boomers sitting in their houses they bought for a firm handshake and 200$ lecturing about “putting your nose to the grindstone”. The complete lack of self awareness would be funnier if the economic and social problems the younger generations face weren’t so dire. The average boomer’s value is entirely predicated on when they were born. This is why they prattle on about “initiative” because all you really had to do to succeed in their earlier years was show up. Exponentially expanding technology removes the ability to get your foot in the door, the jobs that remain require extensive education and qualification that might not be attainable for many people.

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Post ID: @uny+1w2vkqow
Schwab is what you make it friend. Have a little ambition, roll up your sleeves, put your nose to grindstone and the sky is the limit. I take it you're one of the younger folks though so initiative and hard work are foreign concepts to you.

Right. That’s why Tiny and others regularly get rid of anyone who points out their failures. How many years of public cloud? Is PaaS anything? IaaS? How about the mainframe only being used for B&R?

Grindstone? Butt-kisser is the term you were looking for.

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Post ID: @uxq+1w2vkqow
Schwab is what you make it friend. Have a little ambition, roll up your sleeves, put your nose to grindstone and the sky is the limit. I take it you're one of the younger folks though so initiative and hard work are foreign concepts to you.

You might have forgotten, but many millennials entered the workforce during the '08 recession, and Gen Z entered the workforce while its influence was still very strong. The youngest have even attended school and graduated during the recent pandemic.

These generations have faced and continue to face WORSE challenges than previous generations when it comes to education affordability, housing affordability, and navigating workplace hiring and RIF practices. Upon graduating, we struggled to even obtain entry-level jobs, which were in short supply. We have needed to make even more sacrifices and have even more ambition in order to make our dreams come true, and in some cases, this has manifested in delayed dreams, such as late or non-existent house purchases, delayed family planning, etc. Our retirement future is also even more uncertain, due to us having had less opportunity to earn as much during our younger years thanks to predatory corporate hiring and wage practices, as well as the almost-extinct pension and weak Social Security prospects. There may not even be a Social Security program when we retire, and if there is, who knows how far the retirement age might be pushed to, maybe 78?

For you to say that the younger generations lack ambition or that we are spoiled is a complete slap in the face. It is also insulting to insinuate that we do not have the ability to discern the difference between a toxic, dishonest workplace vs. a workplace that is simply challenging.

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Post ID: @orc+1w2vkqow

Schwab is what you make it friend. Have a little ambition, roll up your sleeves, put your nose to grindstone and the sky is the limit. I take it you're one of the younger folks though so initiative and hard work are foreign concepts to you.

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Post ID: @dnj+1w2vkqow

Had an interview recently with CS. Very unprofessional interviewer. Seems I dodged a bullet

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Post ID: @bsi+1w2vkqow

@bjf+1w2vkqow

The only numbers I'm interesting in pushing around are the numbers in my paycheck. Give me a couple of those extra 0's from the C-suite to me and I'd be a lot happier.

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Post ID: @spw+1w2vkqow

You won’t make it in the real world.

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Post ID: @dnp+1w2vkqow

You push numbers back and forth. What do you expect?

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Post ID: @bjf+1w2vkqow

I suspect if the job market improves, lots of people will be leaving the company.

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Post ID: @dnf+1w2vkqow

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