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Charles Schwab lays off 200 more employees amid TD Ameritrade integration

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A pedestrian passes in front of a Charles Schwab Corp. bank branch in downtown Chicago, Illinois.

Christopher Dilts | Bloomberg | Getty Images

Brokerage firm Charles Schwab said Wednesday it is laying off about 200 employees from the combined Schwab-TD Ameritrade company.

This is the most recent round of layoffs, following a purge of 1,000 employees in October 2020.

“We are taking another step in that work and have notified approximately 200 of our colleagues that their roles are being eliminated,” Schwab spokesperson Mayura Hooper said in an emailed statement.

The $22 billion Schwab-TD Ameritrade merger closed in October of last year, creating an online brokerage behemoth with nearly $6.7…



Source cnbc.com

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