Robinhood to permanently shift most employees to remote working

Robinhood to permanently shift most employees to remote working

The California-based company’s move to adopt a 'remote first' approach, the plans for which were first shared with employees in December, will help create an accessible workplace, it said in a statement.







Reuters









January 13, 2022 / 07:50 AM IST





The popular online brokerage is taking the unusual step of allowing users of its trading app to buy up to a third of its IPO shares before they begin trading on the Nasdaq Thursday under the HOOD ticker symbol.



Online trading platform Robinhood Markets Inc said it plans to move a majority of its 3,400 employees to remote work permanently, joining a slew of top tech firms embracing a hybrid culture.

The California-based company’s move to adopt a 'remote first' approach, the plans for which were first shared with employees in December, will help create an accessible workplace, it said in a statement.

"Being able to go primarily remote really means that now we can recruit and attract talent from almost anywhere," said Cynthia Owyoung, vice president of equity, inclusion and belonging at Robinhood.

Robinhood said some teams will need to live within a commutable distance to an office location due to