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Charles Schwab to reduce headcount, real estate footprint

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Charles Schwab is implementing a series of cost-cutting measures.

The company announced it would conduct layoffs and close or downsize some of its corporate offices. The number of layoffs and offices impacted were not disclosed.

A securities filing indicates the moves are "directly related to the integration of TD Ameritrade," which Schwab acquired in 2020.

Read more from Fox Business.

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