• Robinhood cuts 23% of its workforce as fewer users trade

    6 days ago - By Chron

    NEW YORK - Robinhood Markets said Tuesday it's cutting nearly a quarter of its workforce, as crashing cryptocurrency prices and a turbulent stock market keep more customers off its trading app.
    CEO Vlad Tenev said the company, whose easy-to-use app helped bring a new generation of investors to the market, will reduce its headcount by about 23%. That follows another round of layoffs announced earlier this year, which cut 9% of its workforce and “did not go far enough” in cutting costs, Tenev said in a post on the company's blog.
    The highest inflation in 40 years and sharp hikes in interest...
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  • Robinhood cuts nearly a quarter of its staff as the pandemic darling loses its shine

    Robinhood cuts nearly a quarter of its staff as the pandemic darling loses its shine

    6 days ago - By NPR

    Robinhood - the company that became a household name during the pandemic - is cutting staff, citing a deteriorating economy and worsening market.
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  • Robinhood Lays Off 23 Percent of Its Staff, Blaming Crypto Meltdown

    6 days ago - By NY Times

    The trading app that helped drive the meme stock frenzy announced staff cuts for the second time this year.
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  • Robinhood cuts 23% of staff, CEO Vlad Tenev says, ‘This is on me'

    6 days ago - By Tech Crunch

    It's been a volatile year for retail investment behemoth Robinhood. The fintech company is laying off 23% of its workforce , as first reported by the Wall Street Journal and confirmed by TechCrunch. The layoff comes just three months after Robinhood cut 9% of full time staff.
    At the time of its last layoffs in late April, it is believed that Robinhood had about 3,100 employees after letting go of around 300 workers. Doing the math, a 23% reduction in staff would amount to about 713 employees affected, leaving roughly 2,400 employees currently employed at the company
    The company did not...
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  • Robinhood cuts 23% of its workforce in a second round layoffs affecting more than 800 jobs

    6 days ago - By Business Insider

    Vlad Tenev, CEO and cofounder of Robinhood. Kimberly White/Getty Images for Robinhood
    Stock-trading app Robinhood will lay off 23% of its workforce, it said Tuesday.
    The cuts primarily affect employees who work in operations, marketing, and program management.
    Robinhood previously cut 8% of its workforce in April after growing too rapidly during the pandemic.
    Stock-trading app Robinhood will lay off 23% of its staff, the company announced Tuesday. The cuts will primarily impact employees in Robinhood's operations, marketing, and program management departments, CEO Vlad Tenev said in a...
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  • Robinhood Lays Off 23% Of Its Staff: Here Are The Major U.S. Job Cuts As Recession Fears Grow

    6 days ago - By Forbes

    Forbes is tracking the biggest layoffs as companies react to fears of a looming recession.
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  • Robinhood cutting 23% of staff, CEO says ‘we overhired'

    6 days ago - By Fortune

    Robinhood CEO Vlad Tenev announced on Tuesday that the company will reduce its headcount by approximately 23% after recent turmoil. The layoffs will fall heavily on operations, marketing and program management departments, according to Tenev. On a Tuesday afternoon call with reporters, the CEO provided further context and took blame for the situation. “The reality...
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