Sieg was previously president of Merrill Lynch Wealth Management.
It would be Schwab’s worst one-day sell-off ever if the decline is worse than the 19% it suffered in April 2000.
Many of Atlassian’s rivals have cut their head count in recent months as rates have moved higher to deal with higher prices. But unemployment remains low.
Peloton has hired former Twitter CMO Leslie Berland to serve as its new chief of marketing.
Amazon sent out “voluntary severance” offers to some employees this week as it looks for ways to rein in costs beyond the massive layoffs already announced.
President Joe Biden intends to nominate Danny Werfel to become the next IRS Commissioner, overseeing the plan for the agency’s nearly $80 billion in funding.
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