Thread regarding Charles Schwab Corp. layoffs

Through the Employees Eyes

I'd love to hear your thoughts today, even if it's just a one-word response. What do you think about the possibility of layoffs happening after TG and before RTO, specifically during the first week of September? Do you agree or disagree?

#anxious #angry #annoyed #ripthebandaidoff #sad #couldnotcomeataworsetime

by
| 2091 views | | 9 replies (last August 8, 2023) | Reply
Post ID: @OP+1nZCI1YN

9 replies (most recent on top)

Definitely September, they don’t have the nuts to look anyone in the eye.

by
| | Reply
Post ID: @1scy+1nZCI1YN

Through the Employees Butts. That is how we perceive it, and how they are looking at it. Different type of lens here folks.

by
| | Reply
Post ID: @1bhk+1nZCI1YN

To ensure off the books by year end, it has to take place mid September which takes most off the books by mid November. For those with an approved sabbatical, it takes them off the books mid December. This is exactly how it was done in 2019 prior to the TDA announcement in November of that year. If you quit before the layoff, you save them money but it doesn’t mean you would have been cut nor does it mean a job will be saved because you decide to leave. This has been in the works for a long time and they’ve done the homework and crunched the numbers. If you quit before the layoff, you miss out on the package so why not stick out and see what happens? Worse case you RTO for a few months and then exit after the first of the year. Best case, you get the package which takes you through the end of the year plus you have the 60 day period before your final day to look for a job.

by
| | Reply
Post ID: @azj+1nZCI1YN

Office space planning of all groups is both costly and time consuming especially when there are more people in some locations than there are spaces. They did say majority of layoffs will be at year end, though. I'm guessing we'll begin last two weeks of Sept. before RTO.

by
| | Reply
Post ID: @iie+1nZCI1YN

Wouldn’t it be ironic if they pull the trigger prior to RTO and once RTO is fully effective, a mass exodus transpires based on competitive offerings. Maybe they were looking to cut and ensure a complete fall out afterwards. Who knows how some of these diabolical management minds work. They seem to have us figured out. Manage by fear and overburdening the remaining staff. Fantastic idea, draw that up STAT. Trust me, we know what we’re doing.

by
| | Reply
Post ID: @kui+1nZCI1YN

Own Your Unemployment.
Look Through Job Ads.

by
| | Reply
Post ID: @bti+1nZCI1YN

My bet is shortly after RTO, sometime in October.

by
| | Reply
Post ID: @mxa+1nZCI1YN

Guaranteed the majority of layoffs happen after RTO. People are still holding out on quitting. People not returning to an office get fired, and will not be eligible for severance. The cost savings from this is definitely going to drive decision making for when layoffs will occur.

by
| | Reply
Post ID: @yzc+1nZCI1YN

Not the first week . Mostly second or third week . Here is the logic. They would want all hands deck for migration and post migration activities . Check the previous migrations . The second or third week gives them enough time to make the cuts and be ready for RTO .

by
| | Reply
Post ID: @dur+1nZCI1YN

Post a reply

: