According to the New York Times, Robinhood announced layoffs for the second time this year.
- What is Robinhood?
- What percent of employees will be layed off in this second round?
- Why are the layoffs occuring?
- What roles in the company will be primarily affected?
Kelley, L. and D. Yaffee-Bellany. (2022). Robinhood lays off 23% of its staff, blaming crypto meltdown and inflation. The New York Times, August 2 (Retrievable at https://www.nytimes.com/2022/08/02/business/robinhood-layoffs.html)