Charles Schwab confirms around 600 layoffs

Sep. 11, 2019 7:35 AM ETThe Charles Schwab Corporation (SCHW)SCHWBy: Yoel Minkoff, SA News Editor10 Comments
  • Charles Schwab (NYSE:SCHW) confirmed it will cut about 600 jobs, roughly 3% of the San Francisco brokerage's staff, as it feels the pinch of lower interest rates.
  • "Impacted positions span all staffing grades, as well as organizations and locations across the company," a spokeswoman said in an emailed statement.
  • SCHW -1% premarket

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