Thread regarding Charles Schwab Corp. layoffs

So many now hate their jobs here

Do you know anybody who still likes working at Schwab?

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| 2501 views | | 28 replies (last September 28, 2024) | Reply
Post ID: @OP+1uErjOTU

28 replies (most recent on top)

This is math, not a flat earth theory.

They didn’t equate math with Glint and FET. They equated belief that a 1 is more valuable than a 0 on the survey with FET. And they’re right.

A 1 or 2 is an outlier and dismissed as didn’t understand the ranking, especially if all 1s. Reviewers simply turn the 1s into high scores. Benefits of doubt. And if that doesn’t work they chalk up to disgruntled employee.

Nothing in Glint will change a damn thing. Nothing. It’s lipstick on a pig in a dress. Same with NPS. Or any other so-called feedback.

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Post ID: @5cml+1uErjOTU

When you enter a low score, you get talked to death by your leader? Why? What can be we do? Most just enter high scores and let it be. That is the way Glint is meant to work.

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Post ID: @5bdt+1uErjOTU

If your opinion was really wanted by the company they would allow for you to enter comments as you choose on the survey. This will never happen as it will expose the real issues at Schwab.

Do be careful when filling out the surveys. They can track people down by grade level and tenure now on these surveys and can find people pretty easily this way and believe me management will find you.

Honestly, you are truly better off not even filling out the survey as this is less likely to have any impact on you.

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Post ID: @5csy+1uErjOTU

This is math, not a flat earth theory. Scoring a 1 really sc--ws with the average, especially when a PL only needs 4 direct reports to get their own results.

Not taking the survey at all, then complaining about the work environment while questioning high survey results seems crazy to me, why not get your actual thoughts into the mix.

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Post ID: @5nkc+1uErjOTU

The best thing you can do to show your frustration with the company is enter a 1 for the ~24 questions. If enough people in the department do it then it isn't an outlier. This carries more weight than non-participation. Try it and see for yourself.

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Post ID: @5ddg+1uErjOTU

Twl non-participation ≠ zero.

Genius likely brought to this forum by the flat earth society. They have members all around the world, after all.

But let’s see if we can help flat earthers out.

A score of one or two is averaged into a whole bunch of high scores given by those who are positive or fearful of their jobs and retaliation. You can’t retaliate against null. You don’t know if I would have scored high or low.

But, if after multiple surveys and countless reminders, a team has a 25% non-participation rate, we managers only have two possible outcomes. Either our management views us poorly in not being able to get the team to participate or the team is offering zeroes. One or two may be justified by vacations or illness, but not survey over survey.

The only winning move is not to play for staff hoping to send a message. Low scores are deemed outliers. In one meeting we were told the responder confused rankings so they were inverted to make the negatives positives.

The survey will not change a thing. But the closest you can get with it is non-participation.

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Post ID: @5xlh+1uErjOTU

"It’s not a zero, it’s a non score, only affects the participation rate"

This is correct. For those of you that don't take the Glint survey it means nothing to anyone. If you want to make a statement take the survey and score 1 on every question. That will say a lot more to the company than ignoring the survey And... the October survey opens in two weeks. Just saying.

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Post ID: @5qca+1uErjOTU

It’s not a zero, it’s a non score, only affects the participation rate.

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Post ID: @5eci+1uErjOTU
Plenty of people on here brag about not taking the Glint survey. Maybe if they scored how they really felt, the scores would reflect reality a little better?

Not participating sends an unequivocal zero. With few exceptions for sabbaticals and other reasons, it means we feel the faux anonymous, completely ignored, manipulated window dressing is not communicating displeasure accurately.

And we are right.

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Post ID: @5iec+1uErjOTU

[quote]Glint, Grow with Schwab, HWF. It’s all complete failures of an awful HR department. [/quote]

Schwab HR is by far the worst HR department I've ever run across in my career. Across all dimensions.

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Post ID: @5rag+1uErjOTU

When I worked at a Schwab branch if we scored the surveys low we were threatened with retaliation (bonuses cut/no chance of promotion) or guilted where our managers were held hostages. If you had a good manager you didn’t want to sc--w them or their bonus or lose them. But nothing would happen to sh---y managers (the same ones threatening you). It was an awful catch 22. So glad I left that piece of sh-t company.

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Post ID: @4bwx+1uErjOTU

Glint, Grow with Schwab, HWF. It’s all complete failures of an awful HR department. Most interactions with HR are a case there is no effective method they provide other than forcing employees to do non value activities. Even new programs force people to explore learning or sign up for a project lol. Who has time for that? Why not start with repairing your toxic culture?l and remove MDs that are known to be toxic!

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Post ID: @4qcv+1uErjOTU

As for Glint if we score low we basically get in trouble/ grilled. It’s a pointless quarterly 2 minutes of BS.

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Post ID: @4awd+1uErjOTU

Plenty of people on here brag about not taking the Glint survey. Maybe if they scored how they really felt, the scores would reflect reality a little better?

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Post ID: @3zfr+1uErjOTU

What's interesting is that Glint results across the board are up (slightly). This does not match my qualitative impression of the place.

I've never seen so many checked out people going through the motions. Leadership asleep at the wheel - as usual.

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Post ID: @3tvk+1uErjOTU
Do you know anybody who still likes working at Schwab?

Harness next Gen .. They are RTO 10 days a week 🙃🙃🙃🙃🙃

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Post ID: @1xyz+1uErjOTU

Yes, I know one guy who loves it. Just one though.

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Post ID: @1dgm+1uErjOTU

Leadership is checked out after they got their moneybag. Walt gets his 22 mil a year and tell you to RTO

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Post ID: @1odx+1uErjOTU

I didn't love everything about working at TD, but damn was leadership better. It starts at the top with the CEO and top execs. Where are these people at schwab? Genuinely I can't believe how such uninteresting, ineffective people have risen to the top at Schwab. Even in the interim, TD had Steve Boyle who really was dedicated to connecting with us. Karen G in HR actually got in camera to talk about addressing our needs. Even the technical financial stuff felt more vivid. The overall lack of enthusiasm has trickled down, setting the bar so low for all people leadership. Its embarrassing.

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Post ID: @1ort+1uErjOTU

I also work in I&O. I genuinely detest most of the directors and MDs. They are absolutely terrible human beings who are in it for themselves. I listen to BS about being a team player and then i see all of the damage to people that has happened. its so disgusting and i look forward to getting out of here. well have another bad bonus next year. i love what i do, i hate who i work for. that's the difference. wake up leaders.

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Post ID: @1aim+1uErjOTU

I work in I & O. I have been here a long time, probably too long honestly but what I see is management doing everything they can to save their behinds. They all love the check and will do anything to anybody to protect it. No integrity whatsoever. Sitting here writing this I don't recall the last time I had any real joy in doing my job. I feel most of us feel this way and that makes getting through the workweek very difficult. Some say well, just leave. We all are here in different situations for different reasons. In my case it's just stumbling to the finish line. I don't plan on ever working another I.T. job, I've had enough.

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Post ID: @1qlb+1uErjOTU

What's really crazy are the people who have gotten laid off from Schwab and then they come back to work here again!! And some in the same role...can't make this cr-p up.

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Post ID: @1wqw+1uErjOTU

Yeah All the Insiders Cashing Out Every Quarter and Doing Nothing still love working here.

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Post ID: @jak+1uErjOTU

I used to be a supporter of Schwab but I can't deal with the bad decisions and often no decision and the veiled threats of a layoff and bonus cut. Everyone I know in STS is stressed and miserable. Will 2025 bring anything good or more of the same?

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Post ID: @svh+1uErjOTU

How can you expect people to be loyal when the ECs solution is always layoffs and bonus cuts. Then, in the same year give Chuck who already has in excess of 10 billion a 12 percent raise

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Post ID: @fww+1uErjOTU

While I am grateful to still have a job, I despise feeling like there is no job security. My manager and company expect me to go above and beyond but they could terminate me at any time. If there is no loyalty from them, then there is none from me. I come in to work on time and leave on time. I don't work outside those hours and do the minimal effort to get the job done.

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Post ID: @okw+1uErjOTU

I suspect the EC still does. Still making lots to run things into the dirt. Narcissists also get off in making others miserable.

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Post ID: @ebx+1uErjOTU

Every Sunday I feel dread for the week to come at work. I know my life is so much better than others peoples' but I have no enthusiasm about work or my team, my org, advancement. I started feeling this way when Schwab announced layoffs, then felt really grateful to be kept. Then I hit a new low of work disappointment in January when I really started wishing I were severed. What are managers doing too make their people feel better? I've seen minimal effort from any of my leaders. Everyone looks like they despise it here. Anyone have advice for what to do (not just how I should feel)?

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Post ID: @lyf+1uErjOTU

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