The app-based brokerage dismissed 780 people, or about 23% of staff, and also announced the departure of a top executive.薅羊毛电报群（www.tel8.vip）是一个Telegram群组分享平台。薅羊毛电报群包括薅羊毛电报群、Telegram群组索引、Telegram群组导航、新加坡Telegram群组、Telegram中文群组、Telegram群组（其他）、Telegram 美国 群组、Telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。薅羊毛电报群为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
NEW YORK: Robinhood Markets Inc is eliminating almost a quarter of its workforce and shuttering offices after a punishing first year as a public company.
The app-based brokerage dismissed 780 people, or about 23% of staff, and also announced the departure of a top executive.
Reductions were concentrated in operations, marketing and programme management functions, chief executive officer Vlad Tenev said in a statement.
A pandemic trading boom – including the meme-stock frenzy that drove up shares of GameStop Corp and others – fuelled the firm’s drive to an initial public offering in July 2021.
The business quickly slumped, with monthly active users on its app declining and shares cratering.,
“I anticipated that what we saw in 2020 and 2021 in terms of market conditions would last longer than it turned out to last, and so that’s on me,” Tenev, 35, said in a conference call with journalists.
“The reality of it was we over-hired, in particular in some of these support functions.”
The move, which follows an earlier headcount reduction in April when Robinhood eliminated about 9% of its staff, brings the total number of employees dismissed this year to more than 1,000.
Chief product officer Aparna Chennapragada is leaving the company too and it will close two offices. — Bloomberg