Robinhood (NASDAQ: HOOD) is reducing its workforce by approximately 290 employees, representing about 10% of its full-time staff, as the company restructures its organization to improve efficiency and increase talent density. The move comes despite strong financial performance and record trading activity across its platform. According to CEO Vlad Tenev, the decision is part of a broader strategy to create a leaner and more agile organization. Robinhood employed roughly 2,900 full-time workers as of December 31, meaning the layoffs will impact around 290 positions. The company expects to incur… Read more
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