Thread regarding Charles Schwab Corp. layoffs

Does it increase shareholder value to make your employees hate the company they work for?

Just wondering what the goal is of McKinsey and co to destroy employee good will as much as they can.

Every person who takes pride in their work learns to not only stop giving a sh-t, but extract as much as they can from the company out of pure spite. Every department has people deliberately making mistakes and slowing procedures down out of PURE SPITE because they hate this company.

When you first start, you wonder at the incompetence of literally every team around you, but then you are adopted into the culture. The culture is: Smile while doing everything possible to make the company worse and the people around you’s jobs harder. This a joint effort, and eventually you fall in line.

Senior leadership is involved in this joint effort, they pass down initiatives that they know will fail with a smile and a song, and everyone nods enthusiastically, with the same smile, and the grunt employees smile a painful grimace as they purposefully make the process even worse than it would have been initially out of pure spite. But they are still smiling, that’s the important part. Their middle managers get their bonus, the senior leaders get their bonus, everyone smiles and money flows, wasted on infinite vanity projects and processes that don’t work.

Had you asked employees who do these processed day in day out if they might work, they could have told you from the beginning. But these employees likely did express concern at one point, years ago, and learned that that is NOT the Schwab way. The Schwab way is to keep your mouth shut and smile. Everybody knows they don’t work, but that is not important. What is important is that you smile some that whichever C-Suite gets applauded for fudged numbers from their vanity project.

I don’t know how clients think our customer service is wonderful. Everyone I talk to hates their job and is confidently incorrect. It takes me, on average, 10 hours of extra work a week to fix simply mistakes made by other department. I can call five different departments and receive 5 different answers. I don’t blame them, Schwab provides no training (too expensive) and no motivation. Hurting the customer and internal business partners seems to be the only way to lash out at the company that clearly hates you.


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| 861 views | | 5 replies (last March 3) | Reply
Post ID: @OP+1kjbk3pvm

5 replies (most recent on top)

Layoffs look bad as opposed to making your employees miserable no one outside the company knows about it

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Post ID: @14b+1kjbk3pvm

@h2 money

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Post ID: @138+1kjbk3pvm

Why doesn’t the company do the layoffs that it wants to do directly and be done with it, rather than stressing out every employee by asking them to RTO 4 days for no reason ,over burdening them with work and making everyone’s life miserable.

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Post ID: @h2+1kjbk3pvm

It is no surprise that Schwab is scared of new disruptors: like Robinhood.

Many have been growing "fat and happy" at Schwab, just surfing along. Those people have zero chance of earning a fraction at another company, so they will do whatever they can to hang on, and blame others.

Schwab will follow the same path as many other companies before them. Denial, panic, slow death.

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Post ID: @ag+1kjbk3pvm

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