Charles Schwab is expected to expand its corporate headquarters in Westlake next year despite laying off an estimated 2,000 employees in November.
“We are in the process of implementing our plans to complete the interiors of our fourth office building on our Westlake campus prior to it being occupied in the first half of 2025,” Peter Greenley, director of corporate external relations, said in an email to The Dallas Express.
According to a Texas Department of Licensing and Regulation filing, the 281,428-square-foot project involves fitting out the building for restrooms, break rooms, conference rooms, and open office spaces. Construction is set to begin in January, and the project has an anticipated delivery date of January 2025.
Located at 3103 Schwab Way, the company is at Circle T Ranch, where Charles Schwab moved its headquarters from California in 2021. It spans 70 acres and includes 1.2 million square feet. Other companies with campuses at the ranch include Fidelity Investments, Deloitte, and Vaquero.
When Charles Schwab laid off about 2,000 workers, it represented 5-6% of its workforce, The Dallas Express reported.
“In July, we shared our intent to take certain steps to remove costs and complexity from our organization,” the company wrote at the time in an emailed statement to The Dallas Express. “These steps include some changes to our real estate footprint, streamlining our operating model, and staffing reductions, largely in non-client-facing areas.”
Charles Schwab employed 35,900 workers at the end of September. Asked whether its North Texas workforce had been impacted by the layoffs, the company declined to say.
“We want to be clear that the Metroplex remains an important Schwab employment center, and we expect to continue employing local talent to support our clients and maintain our special culture of stewardship within the community,” the company said at the time.
