Charles Schwab to lay off 1,000 workers following merger with TD Ameritrade

"These reductions are part of our efforts to reduce overlapping or redundant roles across the two firms, but the combined firm will continue to hire in strategic areas critical to support our growing client base," the firm said.

Schwab also said despite the layoffs it will continue to hire in strategic areas critical to support its growing client base. The terminated employees will get early access to all newly opened positions.Schwab said it doesn't expect any further layoffs in 2020.for exclusive insights and analysis, and live business day programming from around the world.

this is one merger I DONT want to happen. Ive been with TD since I was 18 and feel totally betrayed. TDAmeritrade completely sold out its customers all for money...no big surprise there. Only hope is if Biden gets in they pull the plug an say its turning into a too big to fail

This always happens post merger. The FTC needs rediscover anti-trust laws. Because sure bad trade deals and automation are taking good jobs, but so do mergers.

'Excuse me employee, you need to go talk to chuck upstairs '

Mergers make merika so much betters..

They should have worked harder.

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