Tuesday, December 16, 2008

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Charles Schwab cutting at least 100 jobs

 Brokerage firm and investment manager Charles Schwab Corp. said Monday it is cutting at least 100 jobs in an effort to improve operating efficiency. Schwab said it is cutting about 100 positions, and over the next two months will review further actions to improve efficiencies that could include further job cuts. The initial cuts will come as Schwab integrates and centralizes similar leadership roles across the firm, the company said in a statement.

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