Robinhood (HOOD) Cuts 7% of Jobs in Third Spherical Layoffs of Since April 2022: WSJ

by Jeremy

The corporate, whose clients use the platform to commerce shares, choices and crypto, made cuts because it adjusts to a slowdown in buyer buying and selling exercise, the WSJ mentioned. The variety of lively merchants had dropped to fewer than 11 million in Might, down from a peak of 21 million a month in second-quarter 2021, in response to the newspaper. Crypto buying and selling quantity for Might fell 68% from a 12 months earlier, the corporate mentioned.

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