Thread regarding Charles Schwab Corp. layoffs

Schwab has Fallen

It's been a long time coming--but a much steeper trajectory toward then end--but this company's technology organization has officially fallen to Indians. If you are not an Indian, your career prospects are bleak. They also keep telling us that the new offshore capability center isn't intended to reduce the FTE onshore footprint, but just know, you are being lied to like you have been lied to about prior layoffs and RTO. It truly saddens me to say this because I've been loyal to this company for a long time, but this place isn't even recognizable anymore.


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| 1911 views | | 6 replies (last November 12) | Reply
Post ID: @OP+1k8rgd5jk

6 replies (most recent on top)

Blaming folks from India isn't helpful and is just just a distraction from failures of leadership.

Immigrants and going to feel the most pain when the AI bubble ends and inflation doesn't stop.

You have much more in common with your immigrant coworkers than with your highly paid executives

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Post ID: @28g+1k8rgd5jk

@1fv As seen with BA, a good price doen't always make a good company.

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Post ID: @1fy+1k8rgd5jk

Stocks at 94…

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Post ID: @1fv+1k8rgd5jk

It is a shell of its former self!

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Post ID: @n6+1k8rgd5jk

Many H-1B workers from India earn close to the program’s minimum wage level, which means employers can often hire them at a much lower cost than U.S. workers with similar skills, especially from desi companies

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Post ID: @ay+1k8rgd5jk

We fell long ago. To says, tiny and menace. Cloud is more like drought. AI is at best two vowels. Datacenters are rabbits. Project management isn’t waterfall or agile. It’s avalanche after months of process. Overseas labor? Not the problem.

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Post ID: @ac+1k8rgd5jk

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