Robinhood laying off 9% of full-time employees
Robinhood CEO Vlad Tenev, in a blog post on Tuesday, said the move would affect about 9% of full-time employees and reported that the company has around 3,800 full-time employees as of December 31
By Arghyadeep Dutta
Published - Apr 26, 2022, 11:50 PM ET
Last Updated - Feb 23, 2024, 10:08 AM EST
• Robinhood said staff reductions will 'improve efficiency, increase velocity'
• Retail brokerage firm had 3,800 full-time employees as of December 31
Brokerage firm Robinhood Markets Inc (NASDAQ: HOOD) is laying off as many as 350 employees, citing “duplicate roles and job functions” after their rapid expansion last year.
Robinhood CEO Vlad Tenev, in a blog post on Tuesday, said the move would affect about 9% of full-time employees and reported that the company has around 3,800 full-time employees as of December 31.
