Robinhood Lays Off 9% Of Full-Time Employees After Decline In Users
- Date: 27-Apr-2022
- Source: Forbes
- Sector:Financial Markets
- Country:Middle East
Robinhood Lays Off 9% Of Full-Time Employees After Decline In Users
Robinhood CEO Vlad Tenev announced Tuesday that the financial services company would lay off about 9% of its full-time employees in the wake of a drop in active users following torrid growth early in the pandemic, sending Robinhood stock plunging nearly 72% in six months.
Robinhood CEO Vlad Tenev in his office in Menlo Park, California.