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Layoff Report
Another 63 gone at Schwab. What's next?
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0x532e…653dSo, 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