OMAHA Ameritrade Holding Corp. plans to cut about 7.4% of its staff to cut costs in the face of the market downturn, according to Dow Jones.
The online brokerage firm said Friday that it will eliminate about 170 of its 2,300 full-time positions companywide during the coming weeks. Most of the cuts will take place at Ameritrades customer-service call centers in Fort Worth, Tex., and in Omaha, where the firm is headquartered, the news wire said.
Ameritrade is the latest discount brokerages to announce layoffs. Last month Charles Schwab Corp. said it would fire 13% of its workforce.