Robinhood to lay off 9% of full-time employees – TechCrunch

Robinhood CEO Vlad Tenev announced Tuesday that it was laying off 9% of its full-time employees.
Earlier this year, Reuters reported that Robinhood had 3,400 employees, and though that did not specify full-time versus contract, it looks like this cut may affect some 300 people according to TechCrunch calculations.
The U.S. consumer investing and trading service company, which went public at $38 in June 2021, saw its value peak at $85 per share before entering a steady decline that saw its value erode to a mere $10 per share.