(CNBC) Retail brokerage firm Robinhood is cutting back staffing levels, citing “duplicate roles and job functions” after rapid expansion last year. CEO Vlad Tenev made the announcement in a blog post on Tuesday afternoon. Shares fell more than 5% in extended trading. The move will affect about 9% of full-time employees.
Robinhood cutting about 9% of full-time employees
This entry was posted in Syndicated. Bookmark the permalink.