Charles Schwab
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Charles Schwab layoffs: 152 workers · WARN in IL · Sep 16, 2026
Latest WARN names 75 workers in IL.
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Where to file if this is your employer
Latest WARN notice: Illinois, 75 workers, notice Sep 16, 2026.
Illinois unemployment is listed at up to $669 a week for 26 weeks. No waiting week is listed.
File in IllinoisBenefit amounts are published estimates. Confirm the current rule with the state.
36.0K
$91.59
▼ 1.07%
-152(0.2%)
announced Sep 16, 2026
12
filed Sep 16, 2026 · IL · 75 affected
High
H-1B base pay
Oct 2025 – Jun 2026$158,483
Median base · 346 filings
Middle half of filings
- Software Developers221$160,000
- Software Quality Assurance Analysts and Testers39$139,800
- Computer and Information Systems Managers15$195,409
- Data Scientists12$152,220
Austin, TX (115) · Southlake, TX (78) · Westlake, TX (62)
Base wage on public H-1B filings, filed as Charles Schwab & Company, Inc.. Stock and bonus are not included. U.S. Department of Labor, LCA disclosure
AI Layoff Impact Summary
AI-poweredCharles Schwab announced layoffs on Sep 16, 2026, affecting 75 employees (0.2% of workforce). WARN filings indicate 12 active notices, with a cumulative ~152 workers affected across all recorded events. High risk of additional layoffs in the near term.
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Is Schwab even trying to keep talent anymore?
I’ve been at Schwab for a while, but the vibe lately is just straight-up toxic. With these constant rounds of layoffs—now hitting Rantoul—it feels like they’re just burning through the workforce. I had a mentor tell me five years ago that this was a 'forever company,' but that feels like a bad joke now. Every single week there's a new rumor about another site being consolidated or a team getting 'restructured' into oblivion. It’s impossible to focus on actual projects when you’re constantly looking over your shoulder wondering if you’re next on the list. I’m already looking elsewhere, even if the market isn't exactly firing on all cylinders. I’d rather take a pay cut somewhere else than stay here and wait for the inevitable meeting with my manager and an HR rep. Is anyone staying, or is the exodus already fully underway in your departments?
Rantoul site closing - another 75 gone
Just saw the WARN notice for the Rantoul, IL office. Another 75 people getting the boot on Sept 16th. It’s getting hard to keep track of the headcount reductions at this point. I’ve been with the firm for a few years and the morale is absolutely tanking. You walk into the office and half the desks are empty or belong to people who are just waiting for their number to be called. Management keeps sending out those 'we are committed to efficiency' emails, but we all know that's corporate speak for 'cutting costs to satisfy the street.' Is anyone actually safe right now, or are they just playing whack-a-mole with departments until the end of the year? If you’re at Rantoul, update your resume immediately. Don't wait for the calendar invite from HR. It’s honestly depressing watching what this place has turned into.
Feeling the culture shift post-TD integration
Is it just me, or has the vibe at Schwab completely changed? I remember when I started here, there was this sense of stability that you just didn't get at other financial firms. Now, it feels like every single department is hyper-focused on 'cost-saving initiatives' at the expense of actually serving the clients. The Rantoul news is just the latest reminder that nobody is truly safe. I’ve been looking at the internal slack channels and the morale is in the basement. Leadership keeps pushing this narrative about 'streamlining for the future,' but the future looks like a hollowed-out version of the company I signed up for. I'm currently brushing off my resume because the uncertainty is starting to affect my mental health. Does anyone know if there are actual hiring freezes in place, or is it just selective backfilling? I’m tired of being told to be 'agile' when 'agile' is just code for 'doing three people's jobs until they decide to lay you off too.'
Another round in Rantoul, what does this mean for the rest of us?
Just saw the WARN notice for the Rantoul site—75 people out the door as of yesterday. I know it’s a drop in the bucket compared to the massive cuts last year, but it feels like the 'efficiency' target keeps moving. Every time we think the dust has settled and the restructuring is 'done,' another office gets hit or a team gets consolidated. Does anyone have visibility on whether this is the tail end of the original plan, or are they just picking off smaller sites one by one now to keep the headcount reduction metrics trending downward for the shareholders? It’s exhausting trying to focus on day-to-day deliverables when you’re constantly wondering if your department is next on the chopping block. Management keeps talking about 'operational synergy' but it just feels like we’re running on a skeleton crew while the tech stack continues to be a total mess. If you’re in one of these smaller regional offices, are you guys hearing anything from leadership, or are you just as in the dark as we are?
Is the 'Efficiency' strategy ever going to end?
It feels like we’ve been in 'restructuring mode' for two years straight now. Every time I log into the all-hands, it’s all buzzwords about 'streamlining' and 'operational efficiency,' yet here we are again with another round of cuts in Illinois. Are we just waiting for the next quarterly results to see if the bleeding stops, or is this the new baseline? I’m seeing more work being dumped on fewer people, and frankly, morale is in the basement. Is anyone actually seeing a path forward that doesn't involve another round of involuntary departures by Q1? I’m genuinely curious if people are staying for the stability or just waiting for the severance package to jump ship.
Rantoul site hit: 75 gone today
Just saw the WARN notice for the Rantoul facility. Looks like another 75 heads on the chopping block as of the 16th. My manager is still giving us the 'business as usual' talk, but how can they keep a straight face when every month there’s another office getting cleared out? It feels like they’re just slicing off pieces of the firm until there’s nothing left in the regional hubs. If you’re at one of these satellite locations, please make sure you’ve got your personal files backed up and your resume updated. The silence from leadership is deafening, as usual. We’re just line items on a spreadsheet to them at this point.
Confirmed: 63 impacted as of May 31st
Just heard from a colleague in my department. The news regarding the 63 people let go on the 31st is verified. Seems like the cuts were targeted across a few specific service divisions this time around. I know two people who were impacted—both had been here over three years. It’s a gut punch. HR is keeping things incredibly tight-lipped, and of course, the severance packages are nothing to write home about considering the current market. If you weren't notified, consider yourself lucky for now, but I honestly wouldn't bank on stability for the remainder of the year. The company is clearly trying to trim fat to appease the shareholders before the next quarterly report. Anyone else hear rumors about which department is next on the chopping block? Stay safe out there and reach out to your network now before the market gets even more saturated.
Is anyone else feeling the 'slow drip' attrition?
It’s 63 people this time, sure, but does anyone actually believe this is the end of it? They keep calling these 'strategic realignments' or 'optimizations' to avoid the headline-grabbing massive cuts, but the anxiety in the office is palpable. Every week feels like we’re waiting for the other shoe to drop. My manager keeps parroting the corporate line about efficiency, but it’s becoming harder to ignore the empty desks. If you’re in tech or ops, you have to be looking around right now. I’ve been here for five years and I’ve never seen the morale this low. Is it just me, or is the 'Schwab way' basically just being replaced by a spreadsheet of headcount reductions? I’m already dusting off the resume. It’s not worth the stress to wait and see if I’m next in the August or September wave.
May 31st Layoff Update - 63 Employees Affected
Confirming the layoff that happened on May 31st. Heard it was around 63 people across different departments. No official word on exact roles yet, but it seems pretty widespread. This follows the previous rounds, so it's definitely not an isolated incident. Anyone who was impacted or knows someone who was, feel free to share any (appropriate) details. What areas seem to be hit the hardest? Any pattern emerging? Trying to get a clearer picture of the scope of these cuts. This is tough for everyone involved.
Another Round of Cuts - What's Going On at Schwab?
Just saw the news about another 63 people let go on May 31st. This is getting concerning. Feels like a recurring theme now. I'm not directly impacted this time, but it's hard not to worry about the stability of the company and my own role. Anyone else feeling the uncertainty? Is this a sign of bigger problems or just strategic adjustments? Curious to hear what people think is driving these ongoing reductions. Are we seeing a slowdown in the industry, internal restructuring, or something else entirely? Trying to stay positive but it's tough when you see these numbers keep ticking up.
May 31st Layoffs - Official Numbers & Speculation
Just confirming the layoff numbers from the news – looks like 63 folks were impacted on May 31st. Feels pretty specific, which makes me think it might be a targeted reduction rather than a broad sweep, but who really knows the details? Wondering if anyone here was directly affected or knows someone who was. It's always tough hearing about this, and it breeds a lot of uncertainty. Is this tied to any particular division or project? Trying to get a clearer picture than just the headline numbers. If anyone has insights into the 'why' behind this specific round, please share. Feels like we're piecing together a puzzle here.
Schwab Cutting Again - Thoughts on the Direction?
Saw the news about another 63 people let go on May 31st. Honestly, it's getting a bit nerve-wracking. This isn't the first time we've seen cuts this year, and it makes you wonder what's going on behind the scenes. Are they restructuring? Facing a downturn I'm not seeing? Or is this just the new normal for big finance firms? I've been here a while and it feels different. Anyone else picking up on something specific, or is it just the general market jitters affecting us all? Curious to hear what others think about the long-term implications for the company and our roles.
Another 63 gone at Schwab. What's next?
So, May 31st. 63 more people out the door at Schwab. Just saw the headline. This is pretty disheartening. It's not a huge number in the grand scheme of a company this size, but the frequency is what's concerning. What's the consensus here? Are these targeted cuts, or is there a broader strategy at play that's leading to these ongoing reductions? I've seen some chatter about certain divisions being less profitable, but is that the whole picture? Anyone have friends or colleagues impacted? What's the vibe like internally? Feels like a lot of uncertainty, and it's making it tough to plan long-term. Anyone hear any rumors about what the next few quarters might hold in terms of workforce adjustments? #CharlesSchwab #LayoffReport #Finance
Schwab Layoffs - May 31st. What's the real story?
Hey everyone, saw the news about Schwab letting go of another 63 people on May 31st. This is getting to be a regular thing, isn't it? Feels like every few months there's another round. I'm not directly affected this time, but it's hard not to feel anxious. Anyone know what departments or roles were hit the hardest? Is this a sign of deeper issues, or just standard 'efficiency' measures they trot out? Trying to understand the pattern here. Feels like the company is constantly restructuring. Curious to hear from anyone on the inside or who has insights into what's driving this. Is it tech consolidation, performance issues, or something else entirely? #Schwab #Layoffs #FinancialServices
May 31st Layoffs at Schwab: Specifics & Impact
So, May 31st was apparently the date for another layoff event at Charles Schwab, affecting about 63 employees. It's unsettling to see this news come out, especially without much detail from the company itself. For those impacted or who have direct knowledge, what areas or roles were most affected by this particular round? Was it concentrated in a specific department, or more widespread? Any insights into the severance packages or outplacement support offered would also be valuable for anyone navigating this. It's tough for everyone when these things happen, and knowing the specifics can help others prepare or understand the landscape better.
Schwab's Strategic Shakeup: More Than Just Numbers?
Hearing about another round of layoffs at Schwab, this time around 63 folks gone as of the end of May. It's getting hard to keep track. While the news outlets (like that supersport.com one) are reporting it, I'm wondering what's the *real* story here. Is this just standard industry churn, or are there bigger strategic shifts happening under the hood? I've seen some chatter elsewhere about potential tech investments or maybe a refocusing of certain business units. Does anyone who's still in the trenches or recently departed have any intel on what's driving these decisions? Feels like more than just cost-cutting when it keeps happening this frequently.
What's really going on at Schwab? Layoffs seem constant.
Another layoff at Schwab, this time around 63 people. This isn't the first one I've seen mentioned, feels like they've been quietly cutting for a while now. Wondering if this is a reaction to market conditions, internal restructuring, or something else entirely. Are they trying to get leaner to compete, or is there a bigger problem brewing? From the outside, it's hard to tell what the long-term strategy is. Anyone have a clearer picture? Is it focused on specific divisions, or a more general cut across the board? Just trying to make sense of the situation for anyone still employed there or considering applying. Feels like a lot of uncertainty.
Schwab's recent layoff of 63 - any insights from current/former employees?
Heard about the latest round of layoffs at Schwab, around 63 people on May 31st according to the news. Feels like a constant drumbeat of bad news lately. Anyone on here directly affected or have friends/colleagues who were? Trying to get a sense of what areas are being hit the hardest and if this is signaling a broader strategic shift or just trimming the fat. Is it mostly tech, operations, or something else? If you're still there, how's the morale? Curious to hear from the inside if anyone is willing to share. Trying to understand if this is a temporary blip or a sign of bigger things to come for Schwab. Any info appreciated.
Is Schwab restructuring or just downsizing?
Another layoff hit on May 31st, apparently around 63 people according to some reports. This isn't the first time, and frankly, it's starting to feel like a pattern. I've been with Schwab for a while, and while there are always ups and downs, this recent period feels different. It's not just about the numbers, but the feeling of instability it creates. Are they really undergoing a strategic shift, or is this just a slow bleed? I'm trying to understand the bigger picture here. Is this happening across the board, or are certain divisions being hit harder? It makes it tough to plan for the future, both personally and professionally, when the ground feels like it's constantly shifting beneath your feet. Anyone have any insights into what's driving this?
Schwab's latest round of cuts - what's next?
Just saw the news about another ~63 people gone as of May 31st. This feels like a regular occurrence lately. It's getting hard to feel secure here, honestly. I keep wondering if my department will be next or if this is just a constant optimization process. Anyone else feeling this level of uncertainty? It's not just the fear of losing your job, but the impact on workload and team morale when people leave. Feels like we're expected to just absorb everything. Wondering what the long-term strategy is behind these frequent, smaller layoffs instead of one big one. Seems like it just keeps people on edge.
May 31st Schwab Layoffs - Official Count and Speculation
Saw the supersport.com article confirming another round of layoffs for Charles Schwab on May 31st, reportedly impacting 63 employees. Does anyone have more details on which departments or roles were affected? It's always a tough pill to swallow, especially when it feels like it's happening so frequently. Trying to understand the broader picture here. Are these targeted cuts based on performance, or is it more about consolidating roles after recent acquisitions/integrations? Curious to hear from anyone directly impacted or who has insights into the strategic reasoning behind these ongoing reductions. Feels like we're on a bit of a rollercoaster lately.
Anyone else at Schwab feeling the constant churn?
Just saw the news about another 63 people being let go on May 31st. Honestly, it's getting hard to keep track. It feels like there's always some kind of restructuring or 'efficiency drive' happening. I've been here a few years and it seems like the headcount is always in flux. Makes it tough to plan, you know? You start building relationships, working on projects, and then suddenly people are gone. Wondering if anyone else is feeling this same instability and what it means for morale and future projects. Is this just the new normal in finance, or is Schwab doing something particularly aggressive?
Schwab layoffs - what's the long-term impact?
Saw the latest layoff numbers for Schwab. It's becoming a consistent thing now. I'm not directly at Schwab, but I'm in the industry and it makes me think about the bigger picture. Are these targeted cuts, or is this indicative of a larger trend in wealth management/financial services? With the economic climate, it's not entirely surprising, but the frequency is notable. How does this constant churn affect morale and productivity for those who remain? Does it signal a shift in their business model or just a reaction to market conditions? Trying to understand the ripple effects beyond the immediate individuals affected. Anyone have thoughts on where this might be headed for the company or the industry as a whole?
Schwab hit with another round of cuts - 63 gone May 31
Just saw the news. Another 63 people let go at Schwab as of May 31st. This is getting to be a pattern, isn't it? Feels like every few months we hear about another reduction. Wondering what the overall strategy is here. Are they consolidating roles, cutting specific departments, or is this a broader economic reaction hitting the financial sector hard? It's tough to see so many people affected. If anyone on here was impacted, I hope you're doing okay and have something lined up. This kind of news always makes you a bit uneasy, even if you're not directly affected. Curious to hear if anyone has insights into the departments hit or what the general sentiment is internally. Stay strong everyone.
Feeling guilty being a survivor in my department...
It's a weird feeling. About half my team got cut on Monday, including people I've worked closely with for years. I'm still here, though. My manager let me know my role is 'critical' moving forward, which sounds good but honestly, it just makes me feel awful seeing my colleagues go. I keep thinking about all the projects we were working on together and now I have to pick up the slack. How do you even process this? Do you act normal? Do you offer support? I don't want to seem insensitive, but I also don't want to be the 'annoying survivor' asking too many questions. Has anyone else been through this specific kind of 'survivor's guilt' after a layoff wave? Any advice on navigating the office dynamics now?
Severance package questions - anyone else getting the runaround?
Just got the news yesterday, part of the 63. Really blindsided. HR is being super vague about the severance details. They mentioned 'standard package' but wouldn't confirm what that actually means. Was in client services for about 4 years. Anyone else in a similar boat who got clarification? I'm trying to figure out if it's worth pushing back on anything. They gave us a week to sign the release form, which feels really short. Am I missing something, or are they just trying to rush us out the door? Any advice on what questions to ask or what to look out for would be super helpful. Feeling pretty stressed about the whole thing.
Lost my job in the latest Schwab cuts - what's my next move?
Well, it happened. I was part of the group let go last week. Been in tech support for 7 years, and this came out of nowhere. The severance package seems okay on paper, but I'm trying to figure out if it's standard or if there's room to negotiate. Has anyone else been in this situation recently at Schwab? What did you end up doing? Did you take the first job offer that came along, or did you try to hold out for something better? I'm feeling pretty lost right now and could use some advice from people who've been through this, especially at Schwab.
Is the recent layoff a sign of bigger cuts to come?
Hey everyone, saw the news about the ~60 people let go on May 31st. I'm in the digital marketing team, been here about 4 years, and honestly, this has me spooked. We haven't seen any direct cuts in our department, but the general vibe is pretty tense. Is this just a targeted efficiency move, or do you think leadership is gearing up for something more substantial in the coming months? Feels like the industry is shaky overall, and Schwab is usually so stable. Anyone on the ops or tech side seeing anything that confirms or denies this feeling? Just trying to gauge the temperature here.
Just venting: absolutely crushed after my Schwab interview
Had an interview for a senior analyst position on the fixed income team last week and I feel like I completely bombed it. I prepped for days, brushed up on everything from duration hedging to yield curve analysis. I thought I aced the technical questions, but then they asked me about my experience with specific software I've barely touched. The interviewer just seemed so unimpressed the entire time, even though I tried to emphasize my transferable skills. Honestly, the worst part is knowing I probably won't get a second chance. I really wanted this job. Ugh, the job search is such a soul-crushing process. Just needed to vent to people who understand.
Laid off from Schwab after 10 years - what severance can I expect?
Got the call today. After 10 years in client services, I'm out. Honestly, I saw it coming. The writing was on the wall with the performance reviews shifting and 'restructuring' talks. I'm trying to figure out what kind of severance package to expect. HR wasn't super clear. I know it varies based on tenure, but does anyone have any recent experience with this? I'm in a director-level role, based in Denver. Any insights would be greatly appreciated. Trying to figure out my next steps and if I can afford to breathe.