said on Wednesday in an email to employees that it would distribute $1,000 bonuses to employees below the level of firm officer, a gesture that excludes contract workers, as part of its response to try and cushion the blow of disruption from the novel coronavirus. firm's move follows some technology companies' similar offers as part of internal responses to the pandemic that has spread around the world in recent weeks.
Charles Schwab reported around 19,700 employees through Dec. 31, a group it defines as full-time, part-time, and temporary staffers, as well as "persons employed on a contract basis.""A lot of people are working around the clock to ensure we are living up to both of our responsibilities: caring for our people and serving clients — both of whom are trying to navigate this pandemic," a spokesperson told Business Insider.
On Tuesday, Facebook made a similar decision to distribute $1,000 bonuses to employees as part of its coronavirus response, The Information
Well, since they aren't able to let their employees work remotely, I guess you'd call this hazard pay, eh, CharlesSchwab? And to think, you all were making fun of Fidelity when they moved to work from home a year ago. Who's laughing now?
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