In 2001, Charles Schwab Corporation, a leading securities brokerage and financial services corporation based in the USA, searched for alternatives to work force reductions and implemented three by: 1) Cutting salaries of the top 750 executives by as much as 50 percent; 2) Instituting a hiring freeze; and 3) Cancelling company-paid magazine subscriptions...

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9.3.6 Restructure & rightsize workforce

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