Schwab Cuts 200 Jobs as It Combines Business With TD Ameritr

Schwab Cuts 200 Jobs as It Combines Business With TD Ameritrade


The cuts are part of Schwab’s “continuing efforts to reduce overlapping or redundant roles across the two firms,” spokeswoman Mayura Hooper said Tuesday in an emailed statement. The affected employees will have early access to new positions and be treated as internal candidates for about 1,400 job openings, she said.
Schwab, which purchased TD Ameritrade in October, had about 32,000 employees and roughly $6.7 trillion in total client assets at year-end, filings show.

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