How is the morale? It feels like rock bottom here in Denver. All the leaders in TX and completely disconnected from the business and staff.
Is there any org thats even half decent?
It used to feel the infrastructure, CTO architecture are the main incompetent organization. Now its all over in every LOB.
@16y hi James
@25y
The truth is since schwab moves to Texas and trump become President racism has gone up. Its become hard for women too across all races as well as for black and mexican origin fellas. The place now has more white folks who think their role is to be bosses and slave over brown people. This was not the case when it was a CA firm where innovation , results and competence was values. This new crowd also hate working for a brown person even if the other person is competent. They resent their lack of growth to hide that their main skill is to communicate better but are lazy to do anything meaningful.
Yes there are are some brown colleagues that su-k as well and really bad managers. I am African American and didnt feel welcome at schwab, the percentage in STS is dismal and first hand saw how the brown first generation worked really hard with no complaints even on weekends when the privileged ones went off to the races to get back home by 4 pm or to hang out with their gold buddies in Denver
So stop whining and hijacking the thread with some beef you have about someone who went to canada to get past some visa hurdles.
@20k
You must be ESL. I have no idea what you are trying to say and it looks like you can't understand my comment.
There should be 200k fee for international manager eb1c filling retrogressively who filling this category
Biggest joke is this contractor company have staff more loyal then the king. They are in same project for more than decade . In some cases I have seen even 2 decade. There children age less compared to their tenure in Schwab .
@1yb you are to naive to be in Schwab , most contractor have there center in Calgary
@1w3 Schwab has Infosys contractors in Calgary. They tend to be the ones who facilitate the contractors in India.
@1we post covid security team started tracking where the login activity originated from
You will get flagged if logging in from international locations different from work place and access terminated.
Now if your gripe is on using excess contractors or offshore its a genuine issue. I blame the STS leadership for it. They have not increased the rates for these offshore vendors for 5 years, they toil and do all the dirty work as the leadership wants to save a pretty penny.
@1w3 but contractor do isn’t??
@1vs schwab doesnt allow working from Canada. Stop using lies to hide your racist mindset
No one can explain the tools team better: 'Tools team: all they do is put lipstick on a pig.' I used to work with Schwab and this team once. This team is filled with contractors or H1B visa holders, and they have their own politics. Managers are fighting for EB1 green cards for unqualified non-STEM people working there. I have seen many contractors sent to Canada so they can do green card fraud. Rather than working, managers used to ask other team members if I had come to the office. Such loser people work in the tools team. There should be a rule at Schwab that all contractors with 5+ years need to be moved outside Schwab from the contractor side.
@OP what in the world did Dennis and Tim do so they get a 5 year contract to deliver STS next. Dennis now also runs Ops at any other competent company both would have been fired by now.
@18f Wrong. We have some of the most amazing Infrastructure leadership in Denver. This is where stuff gets DONE. Try opening your eyes and looking around at the talent here.
It is SO incredibly dysfunctional. Schwab has business team’s that think they understand technology, and a technology unit that is forced to accommodate the insane requests of the business. Business should be focused on outcomes and process KPIs, not tech… let the tech teams do that.
Want to know why tech is attempting to keep up???? It’s because for so many years the business got whatever they wanted and money was blown. Now we have so much tech, mismatched process and business teams that think they know tech when they barely know their business. Loss of focus.
How to fix? Standardize business / tech strategy.. lose the existing tech strategy group they’re part of the dysfunction supporting wasted investment. Get some decision makers that unbundle the mess created over the past 20 years. Go simple.
Big push on AI but zero confidence it’ll happen, it’ll just compound the confusion. AI is being done in pockets also, no real core AI team that’s effective. STS isn’t in front of it, and struggles with how complex the system world is that was implemented.
STS is accommodating the business and needs to be allowed some authority to end business teams getting whatever they want without consequence. It’s a disaster, not at all STs’s fault, I believe it’s the EC and enormous “get whatever tool you want” motto. Then, how come our spend on tech is so high? Umm. Get your business owners more accountable to outcomes…. Not the authority of tech.
Yes, the check is good. However, would be great to see the current EC make some business driven decisions on reducing platforms, getting to basics, consolidation, and get your business teams focused on whatever outcomes they are there for. To me, business side is so inflated… AI can probably eliminate most of them.
Well there is zero senior or executive leadership in Denver and that has always set the tone. It’s like a warehouse for bodies. You have all the old SF execs who refuse to move, collection of execs in Dallas and then the satellite campuses that are a total free for all void of any real leadership.
@15v this is nothing
Many of the leader hires and promotions in AWAT including the one at the throne are not deserved. They used WAME merger as a way to promote themselves with no clue on why its a bad idea to split wealth and asset mgmt. Every firm on street is moving to that direction. Schwab can no longer attract the caliber of talent like James Ferrarelli , its a shame
I know a bunch of guys in STS who were at level 56, 57 and 58 suddenly were promoted to 57, 58 and 59. None of them deserved it. So yeah super low morale and basically at this point everyone in my team is just here for the paycheck doing the minimal amount of work required to get paid every 2 weeks.
Yeah fu-k this fu--ing place
You think STS is bad? CS&S is at rock bottom. The directors in Denver are horrible
@110 Hiring unqualified insiders seems to be a pattern not limited to STS.
A manufacturing background probably beats hiring someone from academia who sees their Managing Director role as a speaking circuit. Always on stage, always “honored to speak,” rarely around for the actual job, and clearly more interested in self-promotion than doing the job they were hired for.
Hearing morale in wealth engineering in AWAT is showing warning signals. When the leaders treat people as numbers and bring in unqualified insiders cant expect better. Who hires a manufacturing background director for Wealth?
Also when MDs pride themselves to operate at low cost and instead of hiring competent staff constraint hiring managers to not pay more than low band 2 you get what you pay for.
Katie's data org is notorious for this. Kamal handcuffs his leaders.
In Denver here as well. Leadership in some of these orgs is pathetic. Hear from EDE organization (under SBM) members here in Denver how unqualified and shady their top most leadership is. If totally incompetent MDs lead important orgs, morale will be low.
Just wait til Schwab India is ramped up and the layoffs really take off.
It's so bad TheLayoff would censor my reply.
I work with Data developers and I hate working with them. There’s crazy politics involved and blaming supporting teams when they miss their SLA. Data teams are very exhausting in my experience
Bro it’s so bad lmao. I’m watching people drop like flies and put their 2 weeks. I’m looking for the exit right now too.
After 4 days a week, downsizing my team, and more harsh deadlines since last year, people are not very happy, myself included.
This place is not stable and it’s getting worse
For me its not great. Its a struggle, but I'd rather have a job then struggling to find one in this economy.
If we had a ranking on worst organizations and leaders there will be big lines here.
Rick was expected to make the company more dynamic and instead of bringing in new leadership from outside he has let the uselesses STS leaders dig their heals.
Foundations of a company
Nothing can be done as everything is a security risk.
Business focusssed sts team : living on laurels from 2000s and few they kept from TDA. The good teams left with barriers to execution
The comp and benefits are good otherwise I would be long gone. Waiting for few more years to be eligible for retirement at 55 then find new gig.
Business leaders are clueless to make tech accountable
Still Terrible Sh--e
I’m trying to get back in to sts. Do they have any footprint in westlake? I was remote for a while.
While I have maintained a balanced approached here over the last few years, it’s getting harder to stay optimistic at this place. We have lost good people over the last few months in our org within STS due to excessive workloads, compensation stagnation , and a general lack of flexibility. All this despite the notion of a perceived bad job market out there. I feel this bleeding will continue, and I don’t see a course correction coming anytime soon. Probably this is the new normal across other big companies as well but this is really depressing and demotivating.