{"id":8582,"date":"2023-11-02T11:03:15","date_gmt":"2023-11-02T11:03:15","guid":{"rendered":"https:\/\/infundpros.com\/markets\/stocks\/charles-schwab-lays-off-5-to-6-of-total-headcount\/"},"modified":"2023-11-02T11:03:15","modified_gmt":"2023-11-02T11:03:15","slug":"charles-schwab-lays-off-5-to-6-of-total-headcount","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=8582","title":{"rendered":"Charles Schwab lays off 5% to 6% of total headcount"},"content":{"rendered":"
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\u00a9 Reuters. FILE PHOTO: The company logo for Financial broker Charles Schwab is displayed at a location in the financial district in New York, U.S., March 20, 2023. REUTERS\/Brendan McDermid\/File Photo<\/span>
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(Reuters) – Charles Schwab <\/span><\/span> (NYSE:) has laid off 5% to 6% of its total headcount in a bid to cut rising costs, a company spokesperson said on Wednesday.<\/p>\n

The reduction amounts to between 1,795 and 2,154 people out of its 35,900-strong workforce.<\/p>\n

“These were hard but necessary steps to ensure Schwab remains highly competitive,” the spokesperson said in an emailed statement. <\/p>\n

Banking heavyweights including Goldman Sachs and Morgan Stanley have joined the rest of Corporate America in cutting jobs and costs to better position themselves for a murky economic climate.<\/p>\n

In August, Charles Schwab disclosed plans to save $500 million by cost-saving measures and said at the time it would cut jobs, without disclosing the number of employees it was going to lay off. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. FILE PHOTO: The company logo for Financial broker Charles Schwab is displayed at a location in the financial district in…<\/p>\n","protected":false},"author":1,"featured_media":8583,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":{"0":"post-8582","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stocks"},"yoast_head":"\nCharles Schwab lays off 5% to 6% of total headcount | inFundPros<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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