Robinhood layoffs will cut 10% as part of an org chart 'flattening.' Read the CEO's memo.

Source: Business Insider

Robinhood is cutting 10% of its staff amid an organizational "flattening. "Taylor Hill/FilmMagicRobinhood said it's laying off 10% of its staff on Tuesday. CEO Vlad Tenev said Robinhood's business "has never been stronger," but it needed an org chart "flattening.