Post any high level details of what you are seeing this morning (or if you were impacted).
31 replies (most recent on top)
@h8 Bingo. If anyone’s confused about why they’re suddenly being asked to document processes, it’s because their role is quietly being packaged up for handoff to someone in the GCC.
@h3 its coming for STS on Monday 3/23. With Schwab India standing up, they’re not gonna pay six figure wages to tech folks in the states. Best of luck.
@fx Like who? None of the D's/MD's I know in STS are gone
@av At least several directors and MDs in STS and Operations.
Just losing a lot of dead weight, mostly old people, late 40s or older. I'm actually looking forward to the future now that they no longer holding us back. Good riddince!
@bp what the he-l does AWAT stand for? Let me guess
A.ssholes W.elcome A.t T.exasAustin
Heard its full of egotic MDs
@cv they usually plan this a quarter out from what I heard from my old manager
The general thing is when schwab was headquartered in CA we had good MD/SVP leaders who were transparent, caring and results oriented. Now that we are TX based its become toxic for women, minorities and MDs are opaque, incompetent and playing power games over results
The good MDs and Directors have given way for incompetent folks who seek to retire ar schwab. All good TDA leaders were pushed out
@cf How early do the MDs know?
@c4 100%. They make the decisions with input from Directors. This is the way.
Wonder if the department MDs had any say in who stays or goes. My guess is they knew about it for a while and had to put up fake smiles and laughs until this morning.
@bp I'm in AWAT and it's been very weird vibes the past few weeks
@bs yes, all
@bp engineer?
@av STS - AWAT
I was laid off—FTE in STS; part of my org’s ongoing restructuring. Hoping my peers don’t get laid off as well next Monday. Record profits, my a-s.
@bd I'm sorry to hear that, how awful
Just financed a new car and got laid off. best timing
@ay They reduced the frequency to twice a year
@at laid off today in Lone Tree and glad of it.
Some may have been strategic. I also heard some were due to employees not following the remote policy. Badging in then leaving after an hour (they have been checking badge log histories).
@as I haven’t seen a survey since Q3 2025….
@at what group?
Also was laid off today, along with 3 others in my team/group. Big impact as all of us were fairly senior - 8 years+.
I had a team mate impacted. We are a smaller group, so there is zero way this doesn't negatively impact work loads. So we need someone to come help us out already....
Looking forward to next survey.
@ad Did you have a job lined up if you were going to quit?
At least people got paid year end bonus based on the timing
Previous years used to be end of year layoffs more painful
One person laid off in my group - FTE
Heard about one senior manager in operations
@ad Hoping for this too! Holding onto my resignation letter while I wait and see...
Just got laid off. Hated the job for a long time. Kind of happy but also nervous of the current job market
Manager, in the CRM world. I was legitimately going to give two weeks to my 1:1 tomorrow, so this is kind of a dream come true. Hope anyone else impacted is in a similar mindset. Good luck to everyone.