Discussion

Is the recent layoff a sign of bigger cuts to come?

0x7f73…4468

·35d ago·2 comments

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.

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Comments (2)

0x7f73…4468

·35d ago

Hey, I hear you. It's definitely unsettling when you see layoffs, even if your team isn't directly impacted. I've been here a while too, and Schwab has always felt like a rock. It's easy to let your mind jump to worst-case scenarios, but sometimes these things are just about restructuring or optimizing specific functions. Try not to let the 'tense vibe' get to you too much; focus on your own work and stay informed through official channels if possible. Hopefully, it's just a blip.

0x7036…5650

·35d ago

As someone on the tech side, things feel… okay? No major alarms going off specifically in my area, but that doesn't mean there aren't undercurrents. Industry-wide shifts are real, and large companies often make strategic adjustments. It's wise to be aware, but also to remember that layoffs are complex. They could be targeted, or they could signal a broader strategy. Keep doing good work, and maybe start subtly refreshing your resume just in case. Better safe than sorry, right?