Robinhood will reduce its headcount by approximately 23%, laying off workers primarily in operations, marketing, and program management.
The layoffs will be primarily in operations, marketing and program management. In the release, Tenev blamed “deterioration of the macro environment, with inflation at 40-year highs accompanied by a broad crypto market crash.”“I want to acknowledge how unsettling these types of changes are,” Tenev said.
The company also dropped its earnings report for the second quarter, one day earlier than expected. Here’s how it did.34 cents per share vs. 37 cents estimated, according to Refinitiv
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Robinhood to lay off 23% of its workforce, with CEO admitting 'this is on me'Robinhood Markets Inc. plans to cut its staff by 23%, citing the weakening economic environment and depressed trading activity.
Weiterlesen »
Robinhood slashes 23% of its workforce amid trading slumpCEO Vlad Tenev says soaring inflation and cryptocurrency crash is discouraging customers from trading.
Weiterlesen »
Naperville D203 Superintendent Dan Bridges to earn $285,000 in 2022-23 under new 5-year contractSuperintendent Dan Bridges’ salary will be $285,000 in the 2022-23 school year under a new five-year contract approved this week by the Naperville District 203 School Board.
Weiterlesen »
Casting Society Reveals 2022-23 BoardThe Casting Society has confirmed the changes to its Board of Directors for 2022-23. Destiny Lilly is the newly elected President, while Elizabeth Berra will serve as Secretary and Steven Tylor O’Connor as Treasurer
Weiterlesen »
PGA Tour releases 2022-23 schedule featuring 47 tournaments plus the Presidents CupThe PGA Tour released its schedule for the 2022-23 season, the final go-round of the wrap-around format that starts in the fall and ends in August of the following year.
Weiterlesen »