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Schwab to cut staff and close offices to save $500M a year

Charles Schwab Corp. plans to cut jobs and close or downsize offices to achieve at least $500 million in annual cost savings.

Schwab to Cut Staff, Real Estate to Save $500 Million a Year

The company has faced scrutiny from investors in recent months, particularly regarding unrealized losses from securities held on bank balance sheets.

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Schwab closing offices and cutting staff | Financial Planning

Schwab closing offices and cutting staff | Financial Planning
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