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Robinhood lays off nine percent of its full-time employees Robinhood lays off nine percent of its full-time employees
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Robinhood lays off nine percent of its full-time employees
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Old 28th April 2022, 05:35   #1
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Default 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.

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