(Reuters) – Charles Schwab Corp SCHW.N said on Monday it is laying off about 1,000 positions in the combined workforce of Charles Schwab and TD Ameritrade to streamline and reshape their branch network.
“These reductions are part of our efforts to reduce overlapping or redundant roles across the two firms,” Charles Schwab, which completed the acquisition of TD Ameritrade earlier in October, said.
The financial services company also said it won’t be executing any additional company-wide reductions for the rest of 2020.
Source: Read Full Article
Cramer is sticking with stocks despite the new Covid strain in the U.K., sees many doing well
Model Arizona Muse urges fashion industry to change in climate fight
Powell’s Concern Over Zero Rates Expected to Lower Bar for Fed Cut
Best Buy beats first-quarter expectations amid coronavirus in-store closures
The big worries facing stock investors in 2020, according to Citi’s top equity strategist