The Silicon Valley-based online trading platform Robinhood has laid off 23 percent of its workforce. This comes just three months after the fintech platform had reduced its headcount by 9% amid global economic turmoil. According to sources, a 23% reduction would mean that 713 employees were laid off and nearly 2,400 people are left at the company.
Vlad Tenev, Robinhood CEO, and co-founder, stated in a blog post that all employees would be affected and that the layoffs were "especially concentrated in the operations, marketing, and programme management functions."As part a broader company reorganisation, I just announced we are reducing the headcount by approximately 23%," Tenev stated recently.
https://www.thinkwithniche.com/blogs/news/online-trading-platform-robinhood-lays-off-23-percent-of-its-workforce
