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Stock trading app Robinhood fires 713 employees, CEO says 'it's on me'
Silicon Valley-based online trading app Robinhood has sacked 23 per cent of its workforce, just thr…
Robinhood cuts hundreds of jobs as pandemic stock trading flurry slows
Robinhood grew its workforce too quickly, from 700 people to around 3,800 between 2020 and 2021, CE…
Tim Levin
The financial startups bubble is bursting and pink slips are being handed out. Here are the fintechs that have announced layoffs so far, from Coinbase to Robinhood.
Signs of distress are showing up in the form of layoffs, which have been popping up all over Silico…
Asia Martin,Kylie Robison,Bia…
A wave of layoffs is sweeping the US. Here are firms that have announced cuts so far, from Compass to Coinbase.
Peloton has already laid off thousands of employees this year. Online car dealer Carvana slashed 12…
Avery Hartmans
A wave of layoffs is sweeping the US. Here are firms that have announced cuts so far, from Peloton to Wells Fargo.
The reason, broadly, is twofold: Business growth is slowing, while labor costs are increasing. The …
Ben Gilbert
Microsoft and Robinhood are among the companies lining up to recruit fired Better.com employees: '900 people on the market ... it's a dream'
One of the Better.com employees fired in a now-infamous Zoom call is helping organize a private job…
Hannah Towey,Grace Dean
Robinhood cuts 23% of its workforce in a second round layoffs affecting more than 800 jobs
The stock-trading app previously said it would lay off 9% of its workforce in April, after growing …
Avery Hartmans
Robinhood is pivoting to retirement accounts as novice traders shun the get-rich-quick appeal of meme stocks
The popular stock-trading service says that it will match 1% of what customers put it into their Ro…
Morgan Chittum
Sam Bankman-Fried's crypto platform FTX eyes partnership with Robinhood
Today's big story on Wall Street is Sam Bankman-Fried's interest in partnering with Robinhood. The …
Aaron Weinman
Robinhood drops after the popular trading platform announces it is cutting 9% of staff after period of rapid growth
The cuts should "improve efficiency, increase our velocity," said Robinhood CEO Vlad Tenev. The fir…
Carla Mozée
Insiders describe 'complete chaos' at Oracle following layoffs and restructuring
Inside Oracle's layoffs, potentially impacting thousands — those who haven't yet been laid of…
Jordan Parker Erb
7 million retail investors have left Robinhood in a year as stocks and cryptocurrencies plummet
The trading app's monthly active users plunged 34% to 14 million over the past year as retail inves…
George Glover
Electric scooter startup Bird is laying off almost a quarter of its workforce
Bird told TechCrunch that "macro economic trends" had forced it to focus on becoming profitable mor…
Isobel Asher Hamilton
Navigation company TomTom lays off 500 employees from its maps unit
The number of maps unit employees affected is equivalent to around 10% of the company's total globa…
Rosie Bradbury
Klarna's CEO used a pre-recorded video message to tell employees around 700 of them were being laid off
The Swedish fintech, which is backed by Softbank, has seen its valuation slump from $45.6 billion t…
Rosie Bradbury
Why corporate leaders like Mark Zuckerberg, Jack Dorsey, and Evan Spiegel are all apologizing for the massive layoffs at their companies
From Meta's Mark Zuckerberg to Twitter's Jack Dorsey, execs are taking the blame as thousands lose …
Sarah Belle Lin
'Robinhoodies' knew about pending layoffs weeks before the company decided to cull more staff
Axed 'Robinhoodies' saw the writing on the wall before the layoffs came, Ken Griffin's Citadel is t…
Aaron Weinman
The crypto winter has investors gearing up for court dates to recoup their losses, while the layoffs continue
Today's big story on Wall Street digs into crypto. With Coinbase and Block on deck to report their …
Aaron Weinman
Inside how the economic downturn is hitting the tech industry, from funding slowdowns to layoffs and vanishing compensation
Tech stocks and valuations have taken a plunge. And that will directly affect how firms prepare for…
Business Insider
A schoolteacher from California wiped out $70,000 in savings trading on Robinhood. Here's his message to first-time investors.
A schoolteacher from California contemplated suicide after losing money trading on Robinhood. He pe…