Robinhoodciting reduced client activity and trading 150 employeeshe was fired.
Popular crypto platform Robinhoodwas laid off for the third time. Companycites the decrease in customer activities as well as the increasing costs. Company, approx. 7 percentHe parted ways with About 150 employeesdismissal Robinhoodwent to shrink.
Robinhood Continues to Take Layoffs
crypto platform Robinhood, approximately laid off 150 employees . of full-time staff 7 percentThis dismissal, which coincided with , drew attention.
Third time layoff Robinhoodstated that it preferred this way in order to adapt to the decrease in the trade activities of its customers.
in 2021 21 millionRobinhood, which managed to reach users, only served 11 million customers last May. to the platformdwindling interest and slowing customer activity prompted the company to consider downsizing.
The Wall Street JournalAccording to the news based on an internal message, the company’s volume in May decreased by 68 percent compared to the same month of the previous year.
Financial Director Jason Warnick, The Wall Street Journal He gave a statement to Warnick stated that the layoffs were made to improve volumes and align the team structure well.
Robinhood had previously laid off 1,120 people.
