Charles Schwab plans to lay off 1,000 employees following TD Ameritrade merger

3:49pm PDT - October 26th, 2020    td ameritrade - CNN

Charles Schwab said Monday that it is laying off 1,000 employees just weeks after completing its acquisition of TD Ameritrade. The job cuts are part of efforts to "reduce overlapping or redundant roles" across both firms, the company said.