TD Ameritrade will layoff an additional 84 workers at its Westminster location following its September purchase of Scottrade.
tag”]The company notified the state this week that it has revised the total number of job cuts at the site to 120. The layoffs start on Dec. 20.
“On December 4, we received a second WARN (Worker Adjustment and Retraining Notification Act) document from TD Ameritrade Holding Corp., this time notifying us of impending layoffs that will be conducted at Scottrade as a result of its purchase by TD Ameritrade. That new WARN letter is a notification of the second wave of layoffs at Scottrade,” said Bill Thoennes, a spokesman for the Colorado Department of Labor.
Jessica Bednarovsky, with TD Ameritrade’s human resources department, told the state in a letter that this is due to a “wider company reorganization and employees in multiple locations will be affected.”
In October, the company had originally notified 32 workers at its 10955 Westmoor Dr., Suite 105 location. The site is a former Scottrade office.
