'Employees from all functions will be impacted,' says CEO.
Robinhood is letting go of nearly a quarter of its staff, CEO Vlad Tenev said“As part of a broader company reorganization into a General Manager structure, I just announced that we are reducing our headcount by approximately 23%,” Tenev wrote. “While employees from all functions will be impacted, the changes are particularly concentrated in our operations, marketing, and program management functions.
Robinhood’s chief product officer Aparna Chennapragada is also stepping down from her post as part of the restructuring, according to
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