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Meme Stock s Revenge: Robinhood Lays Off 25% of its Staff

The popular stock trading platform Robinhood, made infamous during the meme stock craze, is reportedly laying off about a quarter of its staff, according to company CEO Vlad Tenev.

Aparna chennapragadaGeneral managerChief product officer aparna chennapragadaMeme stocks

Meme Stock s Revenge: Robinhood Lays 23% of its Staff

The popular stock trading platform Robinhood, made infamous during the meme stock craze, is reportedly laying off about a quarter of its staff, according to company CEO Vlad Tenev.

Aparna chennapragadaGeneral managerChief product officer aparna chennapragadaMeme stocks

Meme Stock s Revenge: Robinhood Lays 23% of its Staff

The popular stock trading platform Robinhood, made infamous during the meme stock craze, is reportedly laying off about a quarter of its staff, according to company CEO Vlad Tenev.

Aparna chennapragadaGeneral managerChief product officer aparna chennapragada

Robinhood Employees Describe Belt-Tightening Ahead of Job Cuts

Robinhood employees said they weren't surprised by the layoffs, but were shocked by the sheer scale of the cutbacks, which affected roughly 800 staff.

New yorkUnited statesNorth carolinaSam bankmanAparna chennapragadaJason warnickNew york stateChief product officer aparna chennapragadaCofounder vlad tenevChief financial officer jason warnickSam bankman friedBi primeTories we x27 ve pushedBianca chanCarter johnsonAsia martin

Robinhood cuts 23% of staff in sweeping overhaul

A pandemic trading boom fueled the firm’s IPO push, but business has since slumped, with monthly active users on its app declining and shares cratering. It has dismissed more than 1,000 workers this year.

New yorkUnited statesJulie fredricksonBaiju bhattAparna chennapragadaGamestop corpStanford universityRobinhood marketsChief executive vlad tenevChief product officer aparna chennapragada

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