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Schwab, Job Cut Timeline Thursday, November 27     Author
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Schwab to close 53 branches
World News World Job Cut (40) USA (205) Bay Area Bay Area Job Cut (164) Schwab (42) Business Job Cut
2004 2003 2002 2001
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Real Estate

Schwab Prepares to Cut Hundreds Jobs

year 2004 Top ^

Sep.27
  The layoff notices are going out in the area of Schwab technology, including people who run Schwab's website
Jul.28
  Charles Schwab has laid off another 245 workers

year 2003 Top ^

Aug.12 Schwab to fire workers, close branches  Steadily shrinking stock brokerage disclosed plans to fire 250 more workers and close 20 more branches

year 2002 Top ^

Sep.17 Schwab to cut 10% of staff
  Charles Schwab will cut roughly 1,880 jobs. Layoffs are expected to be completed by the end of November
Aug.12 Plans for more major layoffs  More firings will occur after management will map out ways to lower its operating expenses by $200 million annually

year 2001 Top ^

Aug.30 Schwab cutting 2,400 more jobs
  Staff cuts of 1,600 to 1,900 employees, 200 contractors by October, 200 to 300 employees by end of 2001
Mar.22 Schwab plans to cut 3,400 jobs
  Brokerage firm will eliminate 2,000 to 2,300 full-time jobs. 600 to 900 jobs would be cut through attrition




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