I am a current Schwab employee, this thread was linked to me by another. I will clarify: During the pandemic, work from home measures were instituted. In 2021 discussions were brought forward to return to office, but they were quickly walked back and a hefty pay raise was given to workers, as at that time the Great Resignation was in effect and workers were leaving en masse for positions that featured full WFH. This model continued with various adjustments for going on two years. Just yesterday an e-mail was sent out company-wide from the Executive Council, which detailed a plan to have the entirety of the company return to office for at least 3 days a week starting October 1st, 2023. This was reacted to harshly, because it was dropped early in the morning and its contents were not known outside of a select few. As such, many team leads, managers, and even district managers were left totally floored and unaware of anything other than that they have new marching orders.
In the years since WFH was first instituted, Schwab higher-ups including CEO Walt Bettinger himself stated at length that its new policy was here to stay, and Schwab would be leading the way forward as it considered this to be the future of labor. At this time several employees have purchased homes or relocated to live with family or partners sometimes not even in the same state as the office in which they are expected to report to. To say that it has been tumultuous on the inside is putting it quite lightly, employees in multiple locations are now organizing and discussing how exactly to make their displeasure made known. I will say that I am very displeased with senior executives' decision to essentially hand a decree down from on high in a complete reversal of stated policy, completely without input of a vast majority of the company. Over the years Schwab has cultivated a company culture of familiarity focused on professional wellbeing, so yesterday's events were quite a stark contrast and many are still in shock.
In the years since WFH was first instituted, Schwab higher-ups including CEO Walt Bettinger himself stated at length that its new policy was here to stay, and Schwab would be leading the way forward as it considered this to be the future of labor. At this time several employees have purchased homes or relocated to live with family or partners sometimes not even in the same state as the office in which they are expected to report to. To say that it has been tumultuous on the inside is putting it quite lightly, employees in multiple locations are now organizing and discussing how exactly to make their displeasure made known. I will say that I am very displeased with senior executives' decision to essentially hand a decree down from on high in a complete reversal of stated policy, completely without input of a vast majority of the company. Over the years Schwab has cultivated a company culture of familiarity focused on professional wellbeing, so yesterday's events were quite a stark contrast and many are still in shock.