Charles Schwab Announces Plans to Cut 13 Percent of Its Workforce. (23-MAR-01) Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

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Charles Schwab Announces Plans to Cut 13 Percent of Its Workforce.

Publication: Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

Publication Date: 23-MAR-01

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Byline: David Andelman

Mar. 23--Charles Schwab, the nation's No. 1 discount brokerage, said yesterday it will slash up to 13 percent of its workforce -- as many as 3,400 jobs -- as stock trading has tanked and promises to remain in the dumps.

None of the 12 New York City branches will be closed, a company spokeswoman said, but there will be cuts in parts of its business that have taken the worst hits.

"Euphoric...

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