Schwab Plans No More Layoffs: WSJ
After laying off some 2,000 employees this week, Charles Schwab isn’t planning more layoffs, The Wall Street Journal reported late Wednesday.
Schwab on Friday would neither confirm nor deny the report was accurate or comment on any further staff reduction plans in general.
“What I can assure everyone is that there are no additional meaningful position eliminations under consideration at this point in time,” Charles Schwab CEO Walt Bettinger said Wednesday in a video to employees, a transcript of which The Wall Street Journal reported seeing.
“Circumstances can change, but there is nothing in the works at this point,” Bettinger said in the transcript, according to the Journal report.
Charles Schwab has dimissed about 5%-6% of its total workforce as part of its latest round of layoffs, a company spokesperson told ThinkAdvisor on Wednesday.