Thread regarding Charles Schwab Corp. layoffs

Schwab RTO: big brother baby sitting service

RTO is absolute insanity. I have 10 people on my team. None of us are in the same state outside of two people in Texas who aren't in the same city. We have to go back to the office, surrounded by employees we dont work with or collaborate with in any way, so we can join the same remote teams meetings we would while home. Now I find out from someone in cyber security that they are monitoring our key strokes, web searches and Microsoft apps.

RTO was about the executives leveraging their control over one of the few bright spots we had working here, flexibility.


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| 1331 views | | 7 replies (last March 26) | Reply
Post ID: @OP+1kjtzsccg

7 replies (most recent on top)

@aj show the studies please

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Post ID: @3da+1kjtzsccg

Oh it doesn’t matter if “schwabbies” wfh or go to the office 10-2. No one works. It’s all a facade. They spend most of their time focusing on happy hours, arts and crafts and volunteering. Who’s monitoring the MD and directors? They cover for each other and “have their phones” while spending 1/2 the day caring for their kid yet they’ll call out their teams for doing the same behavior. It’s all a total joke!

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Post ID: @tz+1kjtzsccg

OP - this has been going on since the V$D entered - it is nothing new they just haven't had good follow up

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Post ID: @hj+1kjtzsccg

They have been keystroke monitoring for many years.

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Post ID: @ay+1kjtzsccg

AI will determine whom is needed. Affects everyone. Ask your neighbour. RTO only buys time and WFH speeds up any needed culling. Simply as this. Customer facing safer than homebound where your roll is limiting.

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Post ID: @aq+1kjtzsccg

@aj Simply wrong based on the data. T-Metric, a company that measures these things, reports

Remote work delivers almost the same productive hours in less time. 6h 55m total → 5h 12m productive vs. office 7h 44m → 5h 17m.

Office work is longer, but less productive. +49 minutes added to the day, yet lower active share (~68.3%) and 2h 27m overhead/idle.

Typical mix of work modes: ~60% on-site, 27% hybrid, 13% remote.

RTO carries a quitting risk. 46% of work-from-home workers say they’d likely leave if remote work ended.

Focus wins at home. ~62% feel more productive, ~70% say deep work is easier; ~70 min/day saved on commute often converts to real work.

Cost upside is real. ~$11k per employee annual savings and smaller real-estate footprints with structured hybrid.

Then the revenues. The company's revenues, KPIs, performance, project completion rates and other items did not change in response to RTO3 and will likely be lower with RTO4. Stock buybacks and other factors drove the share price.

RTO programs are about control, reduced employee engagement and forced spending. They aren't about productivity, and if they were, companies should share in the value to cover the employee's expenses. An average 2.5% raise in a 4% inflation market has eroded any argument that wages cover commute expenses.

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Post ID: @am+1kjtzsccg

Most of us returned after covid. Studies have showed less work is done when WFH. Golf, tennis, and running errands with kids that are supposed to be in day care riding along. We still here them in Teams calls in the background that was funny during covid calls. Now you unmute when you speak and we hear the kiddos and dogs and wonder why you are still home. Simply as this.

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Post ID: @aj+1kjtzsccg

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