This used to be an amazing place to work. Now, you can feel the fear every day. People whisper, avoid eye contact, and no one wants to stick their neck out. It’s exhausting just being around it. I think full RTO would cause me to quit just so I can avoid having to deal with that throughout the whole week. Could be just my location, though.
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I think about this a lot because I don’t like working here anymore. I used to be on a great team, but one bad leader can change everything b/c that one hires more like them, and everyone else adapts to survive.
Now it feels like it is all about fear and control from leaders who think they’ve earned every stock award and bonus while people burn out or get pushed out. The ones with the most attrition seem to move up the fastest, which I guess aligns with the McKinsey mindset, turnover as progress.
Schwab is run by McKinsey now. Go study their methods. And decide if that is a culture you want to build your long-term career in. Likely not.
It is my understanding that going to HR about retaliation usually just results in more retaliation. Leadership in my org has a culture where retaliation is not only tolerated but appears to be rewarded. Now that CS is in the McKinsey era, attrition seems to be the goal. Leaders are effectively rewarded for driving people out. So if you contact HR, they will find out and you’ll most likely be gone.
@2jd Avoid HR. They protect the company and legal exposure. HR and the ombudsman do not address retaliation or constructive discharge without racism or other legal issues. You’re better off with outside counsel in those cases.
@db genuinely curious, obviously I’m anti retaliation. Has anyone gone to HR about retaliation that has occurred?
Rick, that’s short for “Richard” right? Di-k is also short for “Richard” I think it’s quite a fitting name. That guy is a freaking android, the entire leadership or a bunch of a-s lickers up and down the line. I have never had the opportunity to work with so many phonies and fakes in my entire career
I love how they tell everybody what a great company used to work for when everybody is underpaid and made to do the most ridiculous processes and procedures, including useless and stupid meetings by phony management teams who smile and couldn’t give two sh--s about everybody.
Down vote me all you want but Schwab is a way better company than most of the others. I get tapped all the time by people begging to get out of vanguard, chase... don't even get me started on wells.
The people complaining here were already laid-off, they want you to leave so they can have a chance to come back.
It’s called slavery
@13r Not stale. Expensive compared to a theoretical. Years ago an SVP told a peer that when they left it would be good because they'd hire three to replace them at the same total comp. When the peer noted that entry level couldn't do the job, they were told it didn't matter. Bodies! Not brains.
Yes it’s just a factory with dinosaurs who have held the same positions for life yet they decide you need to leave because you’re getting stale and to expensive. Talk about stale! They should take a good look in the mirror. They’re so superior and entitled that they won’t even move to the HQ with their enormous salaries. Get rid of them!
"Uncertainty is the best fuel for professional development".
- Terence"Nugget" Febreze
They need to move a ton of jobs to the new India location, so each person who leaves voluntarily saves the company money.
If you've been an employee for 10 years or more, it may be worth considering whether holding on for severance is worth the fraction of your soul that gets drained each day :D
But the real question is, where do you want to be once the generative AI bubble bursts?
@j1 this seems like a consistent theme across the firm — leadership doesn’t respect workers. In their eyes, everyone’s disposable except for their entitled selves, whose top priority is protecting the shareholders/themselves.
The leadership doesnt respect their workers. Most people in I&O will agree with that.
It's really not like this everywhere. Schwab is making a conscious decision to treat employees this way. I disagree with the person advocating to make them fire you. Find something else and leave. There are so many better companies out there that actually do care about their employees.
Definitely not the same in my location, though I’m not sharing where that is for risk of retaliation which I know is very real at this company.
The misery is the point
Don't fall for McKinsey Ricks tactics
Making you want to quit is the intent. If you find another job, I applaud you! But don’t give them what they want. “Quiet quit” or “work you wage” or “job hug” - whatever the current buzzword is. Make them pay you to leave; lay-off with a severance or firing with unemployment. The beatings will continue until morale improves. This is what corporate America has shown us. Good luck!