Given the limited options and their inflated prices, a quick layoff would be ideal.
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@hk Agreed. Today, CEOs are hired to extract value, not build companies. There is no long-term strategy in place, as developed by leadership. Instead, they pay McKinsey, RW's prior firm, to come in every 6 months to slash expenses and "reorg" (aka lay off) to pump up the stock price. The whole McKinsey style of continuous restructuring results in consultants profiting from instability, leadership avoiding accountability, a weakened company over time, and employees paying the price. And RTO, IMO, is part of that strategy because it forces attrition, preserves deniability about layoffs, innovation disappears, employees become less risk-taking and more disengaged, and no Glint survey pressure or "pizza parties" will get that back. The quarterly Glint surveys IMO are a tool of compliance to force employees to be "yes men" who do not challenge. Repeated restructuring, especially when a company is profitable, is a red flag that there is weak or no strategy, poor forecasting, and lack of operational control.
Me too. Rick is too inexperienced to be running this magnitude of a firm. Chuck has gotten too political. My guess is with them not focused on internal operations the firm will have some security breach and JPM will be ready to sweep our wealthy clients out. Most employees would not even invest with them, yet are forced to as part of employment. Sell now… they are way too slow. Even opening a center in India is 15 years too late, business case isn’t there this stupid STS business team has no idea what they are doing.
Sold the remainder of my Schwab stock today. Laid off in Oct 2023 and now feel cleansed.