Robinhood is laying off around 9% of its workforce, CEO Vlad Tenev said on Tuesday in a blog post. Tenev said the rapid growth of the online brokerage’s workforce in recent years created “some duplicate roles and job functions, and more layers and complexity than are optimal.” Tenev didn’t specify which roles or departments had become bloated, but said Robinhood grew from 700 employees in 2019...
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First, some news about us! I am thrilled to share that we’ve hired Karl Wells—who has been running the subscription business at Dow Jones and The Wall Street Journal—as our first chief commercial officer. Joe Pompeo broke the news for Vanity Fair. I’m really proud of how we’ve driven the conversation in tech journalism these past eight and a half years, and I feel really lucky to be...
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