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Layoff Report

May 31st Schwab Layoffs - Official Count and Speculation

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0x3ef5…7b77
·54d ago·1 comments
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.

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Comments (1)

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0x28dd…0833
·54d ago

It's definitely concerning to see these repeated layoffs at Schwab. I haven't seen any official breakdown of departments, but given the industry trends and recent tech integrations, it wouldn't surprise me if roles related to overlapping functions or less essential tech support were impacted. The consolidation after major acquisitions often leads to redundancies. Hopefully, those affected land on their feet quickly.