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According to the New York Times, Robinhood announced layoffs for the second time this year.

Questions:

  1. What is Robinhood?
  2. What percent of employees will be layed off in this second round?
  3. Why are the layoffs occuring?
  4. What roles in the company will be primarily affected?

Source

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)

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