Robinhood culls 300 in 10% headcount cut as fintechs retrench
Stocks jumped 1.7% in pre-market on the heels of the news
Robinhood Markets Inc. said it’s cutting 10% of its workforce, a reduction of around 300 positions, to “remain lean and disciplined” as it develops new products. In addition to the cuts, Menlo Park, California-based Robinhood will close a small number of open roles across the company, according to a regulatory filing Tuesday. The firm’s shares […]
