According to an internal company message robinhoodapp is set to let go of approximately 7% of its total workforce — in its third round of layoffs in just over a year.
Online brokerage firm Robinhood Markets will reportedly lay off roughly 150 full-time staff — 7% of its total workforce — in its third round of layoffs in just over a year.by The Wall Street Journal, Robinhood Chief Financial Officer Jason Warnick reportedly wrote that the cuts were being made to “adjust to volumes and to better align team structures.”
A Robinhood spokesperson did not confirm or deny the layoffs in comments to Cointelegraph, but stated: “We’re ensuring operational excellence in how we work together on an ongoing basis. In some cases, this may mean teams make changes based on volume, workload, org design, and more.”
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