Charles Schwab to lay off 1,000 workers following merger with TD Ameritrade

[NewsFeeder]

Charles Schwab to lay off 1,000 workers following merger with TD Ameritrade

The integration of Schwab's and TD Ameritrade's operations is expected to take place over the next 18 to 36 months as the company seeks to streamline its structure.

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[James48843]

Damn- every time I turn around a broker company I am in is selling out to some other corporate giant.

I bought stocks in 1996 from a predecessor company - about six companies ago. I still hold the shares on paper, but I would have no idea where to go look for the actual shares being held- that building closed long ago.


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[Bullitt]

Curious to see what this merger is going to look like. I imagine they will be pushing robo-managed accounts quite aggressively.

TD was an upgrade over Scottrade. I'm thinking this next move will be another upgrade for TD users but not so much for Schwab users.