Robinhood slashes 23% of workforce; chief product officer departs
The app-based brokerage's reductions were concentrated in operations, marketing and program management functions.
Robinhood Markets Inc. (HOOD) is eliminating almost a quarter of its workforce and shuttering offices after a punishing first year as a public company.
The app-based brokerage dismissed 780 people, or about 23% of staff, and also announced the departure of a top executive Tuesday. Reductions were
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