Charles Schwab to reduce headcount to bring down costs

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Charles Schwab to reduce headcount to bring down costs
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(Reuters) - U.S. lender Charles Schwab said on Monday it plans to reduce its operating costs primarily through lowering its headcount and professional ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - U.S. lender Charles Schwab said on Monday it plans to reduce its operating costs primarily through lowering its headcount and professional services.

The company said in a regulatory filing that it was currently assessing its real estate footprint, and that it planned to close or downsize certain corporate offices. Charles Schwab said it expected to realize about $500 million of incremental annual run-rate cost savings to be achieved by undertaking these actions.

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