A well known San Francisco-based banking and brokerage company is planning to move about 1,000 jobs out of the city over the next 3-5 years. Charles Schwab Corporation employs about 2,700 people in the Bay Area out of their more than 13,000 total workforce. Spokeswoman Sarah Bulgatz said the company will be sending the jobs out of state because of the high cost of living and of doing business in the Bay Area.
Bulgatz also says there the company has had difficulty recruiting in the Bay because of the intense competition for top talent. No final decision has been made about where the jobs will be sent, she said, though locations in Arizona, Colorado, Florida, Indiana and Texas are possibilities.