Thread regarding Charles Schwab Corp. layoffs

So many useless Managers, MDs and Directors in STS who don't know anything.

Why do we have So many useless Managers, MDs and Directors in STS who don't know anything. They are not Problem Solvers, Absolute Zero Programming or any Coding Skills for that matter. Their People Skills are on the Negative Scale. Why are they here ?! What value do they bring to the Org ?!

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| 2992 views | | 24 replies (last April 18, 2025) | Reply
Post ID: @OP+1jpx5d6hx

24 replies (most recent on top)

Overengineered is right. Also, too many vendors and contractors...so delusional that these are "saving" money.

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Post ID: @488+1jpx5d6hx

100%. Our team has a tier 2 project assigned last october and the design has not been finalized yet. Half of the meetings are just to keep everyone on the same page. And PLs jump into everyone of them and try to be architects. Our leadership is very bad at evaluating project timelines and deadlines.

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Post ID: @31c+1jpx5d6hx

Too many cooks in the kitchen. Each manager with less than 10 people, sometimes half, so they can micro-manager everyone.

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Post ID: @2r1+1jpx5d6hx

SAT is too busy st-----g her ego to actually do anything meaningful. Epitome of someone who has been there forever because no skills to work anywhere else.

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Post ID: @1v8+1jpx5d6hx

My manager is in meetings all day and projects just drag for years with very little results shown at the end of the year.

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Post ID: @1v4+1jpx5d6hx
You have no idea the people our tech leaders have pushed out. They dont want change. When you do try and modernize or ask teams to do something different, you become a target.

This is the most accurate statement made on this board. Especially in STS. Worst is the requirement to echo whatever nonsense is spouted by the CTO. Covered up outages. Technical direction based on buzzwords. Excuses for missed deadlines and cost overruns. Other places can be bad too. But STS is an expansive cesspool. Many great people are long gone. Really bad is that they are blamed to protect remaining management.

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Post ID: @1rk+1jpx5d6hx

"If you want things to get better get off you pedastole and become the change you want to see in the world."
What did the peda steal? Your child?

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Post ID: @1p8+1jpx5d6hx
You have no idea the people our tech leaders have pushed out. They dont want change. When you do try and modernize or ask teams to do something different, you become a target.

Very true.

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Post ID: @1nh+1jpx5d6hx
Things are easier said then done.. you can complain about this or that but when the time comes for you to fill these roles you'll realize the reality of how the world works. If you want things to get better get off you pedastole and become the change you want to see in the world. It's easy to talk about things that are wrong it's harder to actually stand up and do something about it..

Omm...the people who are currently in those roles are the ones telling you about how bad the tech is and their frustration regarding management's unwillingness to change tools and processes. You're either not paying attention or you're trying to manipulate the conversation. Also, the word is spelled "pedestal".

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Post ID: @1ng+1jpx5d6hx

@wh+1jpx5d6hx

You have no idea the people our tech leaders have pushed out. They dont want change. When you do try and modernize or ask teams to do something different, you become a target.

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Post ID: @x4+1jpx5d6hx

It takes forever to get anything done. Nobody has a clue about “time to market” , it’s still big waterfall pretending to do “Agile”. “Leaders” micro-managing and projects taking 10x longer, only to be full of bugs.

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Post ID: @x3+1jpx5d6hx

Hate to break it to you but these tech problems you speak of are common across all industries. The probelms you speak of are not easy to solve. If you wanna make things better why not try and get into tech and solve them yourself. Things are easier said then done.. you can complain about this or that but when the time comes for you to fill these roles you'll realize the reality of how the world works. If you want things to get better get off you pedastole and become the change you want to see in the world. It's easy to talk about things that are wrong it's harder to actually stand up and do something about it..

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Post ID: @wh+1jpx5d6hx
The 25 year + technical people at Schwab are the problem. Easy to see if you ever converse with them how utterly out of step they are with reality. CTO, CIO, CISO are all in the way of positive change.

While the Cx folks are an absolute issue, the 25+ year folks are often the only resistance keeping the lights on. When Tiny says we should do something absurdly s-upid it is seniors who redirect him or humor him.

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Post ID: @qe+1jpx5d6hx

De-dollraize the world from dollar economy then we will see if the global economy crashes!

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Post ID: @pc+1jpx5d6hx
Somehow H1Bs add value that we can’t find in this country.

Costly Housing Requirements: Many reside in expensive rental accommodations, which by regulation, must be located within a 70-mile radius of their place of work.

Heavy Tax Burden: Despite paying significant taxes, they rarely receive any direct benefits in return.

Predatory Lending Practices: They are often targeted for consumer loans, including high-interest loans, which increase their financial vulnerability.

Housing Loan Obstacles: Alarmingly, nearly 90% are unlikely to fully repay their mortgages due to factors such as aging, visa limitations, or other personal challenges. This often results in the loss of their homes. In such cases, who truly benefits?

Intense Workload with Minimal Recognition: They endure exhaustive workloads, yet credit and acknowledgment for their contributions are frequently taken by others.

We de-dollraize the world from dollar economy then we will see who want comes to USA

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Post ID: @mb+1jpx5d6hx
e def need h1bs. it would be better if we rreplaced the managers and directors with them. clowns running the zoo. check

Are you currently on an H-1B, L-1, or OPT visa, or a similar work authorization? If so, would it be more cost-effective and efficient to hire team members in our Hyderabad office and have them work a second shift? Would you be open to traveling there to explore this possibility?

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Post ID: @ma+1jpx5d6hx

The 25 year + technical people at Schwab are the problem. Easy to see if you ever converse with them how utterly out of step they are with reality. CTO, CIO, CISO are all in the way of positive change. TDA didnt add any tech value at the sysadmin level. Their coders were about as good as ours before the intagration. TDA also lied about their security posture and seemed to think anything can be under exception to reach their compliance goals. IYKYK

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Post ID: @m0+1jpx5d6hx

look @ our network, hosting and platform teams. we def need h1bs. it would be better if we rreplaced the managers and directors with them. clowns running the zoo. checked out, arrogant, bougey leaders who rick should axe. start there, rebuild.

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Post ID: @kc+1jpx5d6hx

Somehow H1Bs add value that we can’t find in this country.

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Post ID: @jt+1jpx5d6hx

if visa worker , It is likely that they are on an H-1B visa with either fabricated experience or experience limited to a single project spanning a decade. just look that

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Post ID: @f0+1jpx5d6hx

The layoffs in 2023 took out my management that knew what they were doing, empowered their employees, were great leaders, and a joy to work With! Now, it's exactly as you say. Reminds me of chickens running around with their heads cut off... cut off by the new roosters without any tail feathers. So sad.

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Post ID: @an+1jpx5d6hx

I was in a virtual meeting where STS produced a list of goals. The list included governance, risk management, financial something and time to market. Soon after someone asked if STS measured against those goals. Crickets. Did they ever improve time to market? I’m sure someone whispered no. I’ll go on a limb and say the outages prove governance and risk aren’t helped and if they are we’d only fail bigger. There used to be a STS group called BTG. Their job was to translate business speak to technology speak. It was so bad that the solution was a Rosetta Stone! It’s gone downhill from there.

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Post ID: @ae+1jpx5d6hx

They like to create solutions from the ground up and over-engineer them, when there are commercial solutions readily available. Too much time is spent in tasks that add little business value such as setting up the infrastructure needed to create a project. You can tell they have not kept up with technology and should not be managing anything.

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Post ID: @a5+1jpx5d6hx

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