The Charles Schwabe Corporation reported in an SEC filing Monday it plans to close or downsize some corporate offices and reduce its headcount to cut costs.
Charles Schwab says it is preparing to reduce both its headcount andThe San Francisco-based brokerage giant reported in a Securities and Exchange Commission filing the moves were "directly related to the integration of TD Ameritrade," whichCharles Schwab logo displayed at a location in the financial district in New York, Mar. 20, 2023. The company announced in an SEC filing Monday it plans to slash jobs and its real estate footprint as part of a plan to streamline operations.
Schwab said the company is looking to close or downsize some of its corporate offices, and "plans to reduce its operating costs primarily through lower headcount and professional services."
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