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

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.

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.