Retail trading platform Robinhood Markets Inc said on Tuesday it is laying off about 9% of its full-time employees, sending its shares down 5% in extended trade.
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Robinhood to cut its workforce by 9%
The company said the rapid headcount growth has led to some
duplicate roles and job functions.
Retail trading platform Robinhood Markets Inc said on Tuesday it is laying off about 9% of its full-time employees, sending its shares down 5% in extended trade.
Robinhood shares plummet as company announces layoffs
By Nicole Goodkind, CNN BusinessRobinhood CEO Vlad Tenev announced Tuesday afternoon that the online trading platform will lay off 9% of its workforce as shares of the company’s stock hit a new low.In a blogpost, Tenev wrote that Robinhood’s financial position was strong, with over $6 billion in cash on its balance sheet. The layoffs, he said, follow a period of extreme headcount growth that “led to some duplicate roles and job functions, and mo…
Robinhood shares plummet as company announces layoffs - Local News 8
By Nicole Goodkind, CNN Business Robinhood CEO Vlad Tenev announced Tuesday afternoon that the online trading platform will lay off 9% of its workforce as shares of the company’s stock hit a new low. In a blogpost, Tenev wrote that Robinhood’s financial position was strong, with over $6 billion in cash on its balance sheet.
