Cryptocurrency

Robinhood Cuts 23 Percent Workforce in Another Round of Layoff Amid Weak Quarter

Robinhood Cuts 23 Percent Workforce in Another Round of Layoff Amid Weak Quarter

Robinhood has announced to reduce the headcount by 23 percent, laying off over 780 employees after the company reported quarterly losses. This will be second layoff for the company, which earlier cut 9 percent of its workforce. Robinhood’s monthly average users dropped to 14 million monthly active users in June, with a 44 percent revenue drop.

Leave a Reply

Your email address will not be published.