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28th April 2022, 05:35 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
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| Robinhood lays off nine percent of its full-time employees Robinhood is letting around nine percent of its full-time employees go, company CEO Vlad Tenev has announced. In a blog post, Tenev said the company grew rapidly throughout 2020 and in the first half of 2021, thanks to several factors that include COVID-19 lockdowns. Robinhood's revenue grew from $278 million in 2019 to over $1.8 billion in 2021, and it hired so many new employees to "meet customer and market demands" that its headcount grew from 700 to nearly 3,800. https://www.engadget.com/robinhood-l...4.html?src=rss |
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