Robinhood Lays Off 23% of Staff


Robinhood Markets is slashing about 23% of its workers because the flashy on-line brokerage continues to reel from a pointy slowdown in buyer buying and selling exercise.

The job cuts mark the second spherical of layoffs this yr at Robinhood, which in April laid off about 9% of its full-time employees. Collectively, the 2 rounds have reduce greater than 1,000 jobs from the corporate.


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