Tag: Vlad Tenev

Online Broker Robinhood Lays Off 23% Of Its Staff!

Broker Ben - August 4, 2022

The online trading platform Robinhood, which popularized one-click trading and helped fuel last year’s meme stock frenzy, announced that it would lay off about 23 percent of its workforce. It is the second layoff initiative within just a few months. In a blog post, Robinhood CEO Vlad Tenev said that the layoffs would affect employees across the company, especially those in operations, marketing, and program management roles. Shares of Robinhood rose 11.7% on Wednesday following the layoff announcement.

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