.RobinhoodApp is the latest company to cut its workforce. “To see a 23% reduction in staff just because you didn’t hedge your firm correctly, that’s pretty tough,” wsfoxley says Watch 'The Hash' co-hosts discuss where Robinhood could be headed next:
Online trading brokerage Robinhood is cutting headcount by 780 workers, or about 23% its employees, in order to further streamline costs amid a continuing decline in monthly active users on the platform.
In a press release, Robinhood CEO Vlad Tenev said it was due to “deterioration of the macro environment, with inflation at 40-year highs accompanied by a broad crypto market crash.” “The Hash” team discusses the fate of Robinhood and where it could be headed next.
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