Tag: Wall Street

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...

Peloton on Tuesday slashed its financial outlook for the full year after the company announced CEO John Foley will be stepping down, as part of a broader restructuring of the business. It now sees fiscal 2022 revenue within a range of $3.7 billion to $3.8 billion, down from a prior range of...