Thread regarding Charles Schwab Corp. layoffs

Schwab India

Anyone else expecting layoffs after the India office is made? I’m sure they want to hire them more since it’s cheaper.


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| 1491 views | | 5 replies (last September 11) | Reply
Post ID: @OP+1k4ncvz5c

5 replies (most recent on top)

You act as if they will actually build the building in India lol

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Post ID: @r9+1k4ncvz5c

The plan is to reduce the number of on-shore contractors, and hire people in India instead. It will be about half the cost, and you will actually boost morale.

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Post ID: @eq+1k4ncvz5c

It’s another STS disaster that will end up ki-ling culture even more, as well as tech delivery. Doubt any savings will come, we already fund offshore, but have no idea the cost of overhead to keep and manage all this new talent. STS upper leaders need to be replaced in this business mgmt team.

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Post ID: @dm+1k4ncvz5c

Yes the GCC will reduce onshore head count. It is a main driver.

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Post ID: @a9+1k4ncvz5c

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