Robinhood cuts 23% of staff, CEO Vlad Tenev says, ‘This is on me’
TechCrunch
AUGUST 2, 2022
In that post, Tenev wrote that while “employees from all functions would be impacted, the layoffs are “particularly concentrated” in the company’s operations, marketing and program management functions. That loss was narrower than its net loss of $392 million, or 45 cents per share, in the first quarter of 2022.
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