Charles Schwab plans to lay off 1,000 employees following TD Ameritrade merger

New York Charles Schwab said Monday that it is laying off 1,000 employees just weeks after completing its acquisition of TD Ameritrade. The job cuts are part of efforts to"reduce overlapping or redundant roles" across both firms, the company said.

"We have begun notifying individuals that their roles have been eliminated and they will be leaving the firm," the Schwab Executive Council wrote in a statement to employees."This will result in a reduction of approximately 1,000 positions or about 3% of the combined workforce of Charles Schwab and TD Ameritrade." Schwab declined to comment on which teams and roles will be eliminated.

The Bidens and Tony Bobulinski

Don’t worry president Trump will save them!!!

Expand and cut overhead while doubling the current employees workload. Sale the real estate and establish housing community and their cooking with fish grease.

NewsCNNMissed

Here is more breaking news. Investors like Warren Buffet advise NOT to share your portfolio with any advisor. You don't need one. auto-Invest in an index fund, month by month. Do NOT buy and sell. buy and hold.

Harus nya aneh si

so what ... ? just only 1.000 - it is not like 10.000 or more ...

But, you know, something something economy.

What side of Charles Schwab getting layoff? Government sector side or Private Sector side.

Yo GovRicketts

And right before the holidays. Classy

Maybe they can learn to be productive

Maybe it will matter now that white men with ties are losing their jobs.

hope they invested well

Makes no sense. Stocks, 401s and economy is booming. Why would they fire people? Can’t they pay them more to attract more customers? Isn’t this how trickle down economics work?

This can’t be a surprise.

If old man Joe gets in my 401 will go down the drain but most people that vote for Joe Biden aren’t too bright and don’t realize what’s going to happen because they’re morons

Omaha knows this story. Enron.

The Trump Economy

CNN you just LOVE posting negative news!!! fakenewscnnLOL

Corporations are evil.

It didn’t mean less customers so why would they get rid of that many people?

Personitas que deseen ganar dinero trabajando con sus redes sociales.🏠💵 ESCRÍBEME!!🤑💸829.914.7910 Es hora de ganar dinero.🤑💵 Arriésgate y gana.💸💸

You would think with all the money brokerages are making off retail investors that they might be retained.

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