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The head of Schwab's Client Service & Support team, Rahul Magan, told employees in a memo reviewed by Business Insider that its organizational structure would not change for now. Schwab executives have said the deal would lead to branch closures and layoffs, but it was difficult to pinpoint which teams and how many employees would be impacted. A memo circulated Monday on one primary team at Charles Schwab illuminates how at least one leader messaged the first instance of layoffs after the firm's $26 billion TD Ameritrade deal officially closed.
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Charles Schwab to lay off 1,000 workers following merger with TD AmeritradeThe integration of Schwab's and TD Ameritrade's operations is expected to take place over the next 18 to 36 months as the company seeks to streamline its structure. They should have worked harder. Mergers make merika so much betters.. 'Excuse me employee, you need to go talk to chuck upstairs '
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