News > Robinhood lays off 9% of its employee base as stock prices crash
Robinhood lays off 9% of its employee base as stock prices crash
Tech Story | 27/04/2022 11:23 AM | Click to read full article
Robinhood lays off 9% of its employee base as stock prices crash, hitting an all-time low. The company’s CEO said that they are affirmative that cutting down on staff will improve the efficiency.
Still, this is a pretty significant number and might indicate that the company is struggling financially. It’s also important to note that Robinhood hasn’t still recovered from the effects of lowering Dogecoin trading.