AIBanking Diveabout 4 hours ago
Robinhood cuts nearly 300 employees
1 min read
Robinhood is cutting roughly 295 employees, or 10% of its workforce, to maintain a high performance culture and accelerate product velocity. The company will incur $20 million in restructuring charges and $8 million in share-based compensation this quarter. CEO Vlad Tenev said business has never been stronger.
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