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Brokerage Charles Schwab says to cut about 600 jobs

“(Reuters) – Discount brokerage company Charles Schwab Corp is cutting about 600 jobs after an internal review, a company spokeswoman confirmed on Tuesday” writes Midwest Communications Inc for The Wall Street Journal reported on Tuesday that the company planned to eliminate nearly 3% of its workforce.The company, which provides brokerage and financial advisory services, reported an 8% year-on-year jump in second-quarter net income at $937 million.

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