Thread regarding Charles Schwab Corp. layoffs

Announcing downsizing doesn’t always play into one’s hand

Especially when it appears as a panicked attempt to influence mkt.

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| 1182 views | | 6 replies (last July 23, 2024) | Reply
Post ID: @OP+1txXPdCC

6 replies (most recent on top)

FOOOLS is correct - the reason it didn't make a difference is they rewarded themselves big salary adjustments - where did they think those $$$ were coming from - oh ya the wonder investments the ALM/Finance/Treasurer team made - oh ya

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Post ID: @7ulr+1txXPdCC

They didn't let go enough people to equal 500 million in yearly savings. We lost a few homegrown technical people that aren't easily replaced at Schwab. Think output and knowledge. #VeryRare

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Post ID: @2uki+1txXPdCC

FOOOOOOLS!!!!

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Post ID: @2hik+1txXPdCC
The amount of downsizing needed to make up for the miss, will really hurt. As in teams already overworked will be under immense pressure.

So it also means , your leadership let go right people and kept wrong people?
Or
Those who have gone kept there secret to themself

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Post ID: @1irv+1txXPdCC

The amount of downsizing needed to make up for the miss, will really hurt. As in teams already overworked will be under immense pressure.

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Post ID: @1dnv+1txXPdCC

So the downsize in last Oct/Nov 2023 did not make effect in "profitability"? Other than shrining some business and downsize staff are the only ways that a leader or leader board can come up as solutions?? what kind of leader(s) is/are these people?
https://finance.yahoo.com/video/charles-schwab-stock-drops-ceos-201609398.html

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Post ID: @bff+1txXPdCC

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