Big Law

Charles Schwab Merging with TD Ameritrade, Layoff of 1,000 People

Charles Schwab said Monday it is laying off 1,000 employees from the combined Schwab-TD Ameritrade company.

“We have begun notifying individuals that their roles have been eliminated and they will be leaving the firm,” Schwab said in a press release. “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 did not immediately comment on what roles will be eliminated.

Read the source article at cnbc.com

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