Memo: Robinhood Announces Layoffs to Flatten Org Chart
Robinhood, the stock-trading app that became synonymous with the pandemic-era’s retail-investing boom, is cutting 10% of its workforce and joining tech’s “Great Flattening.” CEO Vlad Tenev told employees in a memo on Tuesday that the company’s business “has never been stronger,” but said Robinhood needed to become leaner as it scales. Tenev said the company … Read more