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Robinhood to Lay Off 9% of Workforce

By Mark Matousek
· · Source: The Information

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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