Charles Schwab confirms around 600 layoffs

• 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