Robinhood Markets Cuts About 150 Full-Time Jobs, Lays Off About 7% of Its Full-Time Employees
Portfolio Pulse from Bill Haddad
Robinhood Markets has cut approximately 150 full-time jobs, resulting in a layoff of about 7% of its full-time employees.
June 26, 2023 | 8:46 pm
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Robinhood Markets (HOOD) has laid off about 7% of its full-time employees, cutting around 150 jobs.
The layoff of 7% of Robinhood's full-time employees may negatively impact the company's stock price in the short term, as investors may perceive this as a sign of financial instability or operational challenges.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100