Charles Schwab told the San Francisco Business Times on Monday that it has laid off about 200 employees, but declined to say what geographies or roles were hardest hit. "Achieving the goals of our integration with TD Ameritrade also means we must make difficult but thoughtful decisions that enable us to meet our expense synergy targets," said spokesperson Mayura Hooper. "Today, we are taking another step in that work and have notified approximately 200 of our colleagues that their roles are being eliminated."
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The Layoff List was created in 2019 and is free for the community. Tips reported are left anonymous unless they explicitly ask to be included as a source. We verify a majority of tips and include independent sources, but for tips that we are unable to verify we separately categorize them as unverified reports to avoid misrepresentations.