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Tag: robinhood

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Robinhood Fined $30m, Then Announces Lay Offs Of Nearly 1/4 of Workforce

MARKETS Stanford Nix -
Vlad Tenev, the CEO of Robinhood, said in a press statement on Tuesday that the firm will cut its workforce by about 23%. Operations, marketing, and program management will see the majority of the layoffs. Tenev attributed the problem to "deterioration of the macro climate, with inflation at 40-year highs...

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