Robinhood Lays Off 9% Of Full-Time Employees After Decline In Users

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.