web analytics

Robinhood Lays Off 23% of Staff

Robinhood Markets is slashing about 23% of its staff as the flashy online brokerage continues to reel from a sharp slowdown in customer trading activity.

The job cuts mark the second round of layoffs this year at Robinhood, which in April laid off about 9% of its full-time employees. Together, the two rounds have cut more than 1,000 jobs from the company.