Charles Schwab laying off hundreds in cost-cutting move

//Charles Schwab laying off hundreds in cost-cutting move

Charles Schwab laying off hundreds in cost-cutting move

Charles Schwab will cut 600 positions, or 3 percent of its staff, as part of a general cost-cutting effort that some blame on falling interest rates. “This spring, we initiated a process to review our expense base to ensure we remain well-positioned to serve clients while navigating an increasingly challenging economic environment,” Schwab (NYSE: SCHW) said in a statement. “Impacted positions span all staffing grades, as well as organizations and locations across the company. “These actions…

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By | 2019-09-11T01:24:13+00:00 September 11th, 2019|Economics|

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