Charles Schwab Corp. has laid off 5% to 6% of its workforce — or about 2,000 of its employees — this week as part of a larger cost-cutting initiative to slash $500 million of expenses, including closing and reducing the size of some of its U.S. offices, meant to "remove cost and complexity" from its operations.
Charles Schwab Cuts About 2,000 Workers As Part of Plans to Remove Cost, Complexity From Operations
Move Helps Nation's Largest Publicly Traded Stock Brokerage Keep Its Low-Cost Role in Industry
CoStar News
November 2, 2023 | 11:43 P.M.
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IN THIS ARTICLE
- Companies
- Charles Schwab
Finance and Insurance
- Contacts
- Walter Bettinger II
CEO/Co-Chairman, Charles Schwab & Co., Inc.