Robinhood cuts 23% of staff, CEO Vlad Tenev says, ‘This is on me’

It’s been a volatile year for retail investment behemoth Robinhood. The fintech company is laying off 23% of its workforce, as first reported by the Wall Street Journal and confirmed by TechCrunch. The layoff comes just three months after Robinhood cut 9% of full-time staff.
At the time of its last layoffs in late April, it is believed that Robinhood had about 3,100 employees after letting go of around 300 workers. Doing the math, a 23% reduction in staff would amount to about 713 employees affected, leaving roughly 2,400 employees currently employed at the company
The company did not c

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