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12.07 - 08:09
Robinhood lays off 150 employees
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finextra.comThose affected work in customer experience and platform shared services; customer trust and safety; and safety and productivity.This is the third round of cuts Robinhood has made in little over a year. The company laid off nine per cent of its workforce last April before axing another 23% last August citing macroeconomic conditions and the cryptocurrency market's crash.
In total, around a thousand people have lost their jobs.Last week, the firm agreed to buy credit card startup X1 for about $95 million in cash.
. Read more on finextra.comAbout this in other media
Bank of America fined $150 million for consumer abuses including fake accounts, bogus fees cnbc.com /1 year ago
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