Charles Schwab Corp. late Monday said it plans to reduce costs to the tune of $500 million a year through a “lower” employee headcount and professional...
Charles Schwab Corp.
late Monday said it plans to reduce costs to the tune of $500 million a year through a “lower” employee headcount and professional services, without providing more details. The company also plans to close or downsize some yet unnamed corporate offices, according to a filing with securities regulators. “The company is currently assessing its real estate footprint,” Schwab said. It expects at least $500 million in annual run-rate cost savings through both actions, it said.
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