June 10, 2023
Sci & Tech

Robinhood reduces employment by 23%

The retail trading platform Robinhood Markets Inc. announced on Tuesday that it is firing around 23% of its workforce, causing its shares to decline more than 3% in after-hours trading. In order to “achieve greater cost discipline,” the company is also revamping its organizational structure, according to blog post by Robinhood CEO Vlad Tenev. Robinhood […]

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