Robinhood to cut 9 percent of its full-time employees
The chief executive of online trading platform Robinhood announced on Tuesday it would be cutting nine percent of its full-time staff, explaining that its rapid growth had led to 'some duplicate roles and job functions.'

Robinhood CEO Vlad Tenev told his employees Robinhood had experienced rapid growth between 2020 and part of 2021, including a rise in revenue from roughly $278 million in 2019 to more than $1.8 billion in 2021. Tenev noted that net funded accounts also rose from five million to 22 million.
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