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1 min read

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…

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1 min read

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   


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Asia Martin,Kylie Robison,Bia…   


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1 min read

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   


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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   


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2 mins read

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   


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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   


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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   


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3 mins read

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   


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1 min read

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   


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3 mins read

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   


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1 min read

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   


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2 mins read

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   


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2 mins read

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   


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2 mins read

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   


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6 mins read

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   


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3 mins read

'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   


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3 mins read

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   


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4 mins read

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   


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6 mins read

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…

Matt Turner