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SCHW / Schwab plans ‘lower headcount,' office closings to save $500 million

Schwab plans ‘lower headcount,' office closings to save $500 million
Charles Schwab Corp. SCHW, -0.20% late Monday said it plans to reduce costs to the tune of $500 million a year through a “lower” employee headcount and professional services, without providing more details. The company also plans to close or downsize some yet unnamed corporate offices, according to a filing with securities regulators. Read More
Posted: Aug 21 2023, 16:34
Author Name: Market Watch
Views: 110177

SCHW News  

Charles Schwab Layoffs 2023: What to Know About the Latest SCHW Job Cuts

By InvestorPlace
November 2, 2023

Charles Schwab Layoffs 2023: What to Know About the Latest SCHW Job Cuts

Brokerage and wealth management advisory service provider Charles Schwab (NYSE: SCHW ) certainly hasn't been a darling of the financial market this ye more_horizontal

Charles Schwab cutting as many as 2,000 jobs — joining Goldman, Morgan Stanley

By New York Post
November 1, 2023

Charles Schwab cutting as many as 2,000 jobs — joining Goldman, Morgan Stanley

"These were hard but necessary steps to ensure Schwab remains highly competitive," the spokesperson said in an emailed statement. more_horizontal

Schwab reportedly laid off up to 2,000 employees; analyst reiterates outperform

By Market Watch
November 1, 2023

Schwab reportedly laid off up to 2,000 employees; analyst reiterates outperform

Charles Schwab Corp.'s stock SCHW fell 0.5% on Wednesday on the heels of a report by RIABiz that the broker has laid off up to 2,000 employees this we more_horizontal

Investors Heavily Search The Charles Schwab Corporation (SCHW): Here is What You Need to Know

By Zacks Investment Research
October 27, 2023

Investors Heavily Search The Charles Schwab Corporation (SCHW): Here is What You Need to Know

The Charles Schwab Corporation (SCHW) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for more_horizontal

Here's the Latest Update on Charles Schwab's Deposit Situation

By The Motley Fool
October 24, 2023

Here's the Latest Update on Charles Schwab's Deposit Situation

Charles Schwab has dealt with declining deposit balances, which accelerated in August of last year. Deposits continued to decline in the most recent q more_horizontal

How the Heck Did Schwab's Net Interest Income Fall 23% Last Quarter?

By The Motley Fool
October 18, 2023

How the Heck Did Schwab's Net Interest Income Fall 23% Last Quarter?

Brokers earn the bulk of their money on their customers' uninvested cash. As interest rates have exploded since early 2022, investors are finding more more_horizontal

These 2 Stocks Led Wall Street Higher on Monday

By The Motley Fool
October 16, 2023

These 2 Stocks Led Wall Street Higher on Monday

Markets moved sharply higher on Monday. Snap stock jumped on internal estimates of faster user growth. more_horizontal

Schwab Sees Potential Inflection Point to Cash Outflows

By WSJ
October 16, 2023

Schwab Sees Potential Inflection Point to Cash Outflows

Key deposits creep up in September after falling for over a year. more_horizontal


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