The subtext of Robinhood's layoff memo: It's not us, it's you

Source: Business Insider

In announcing layoffs, Robinhood CEO Vlad Tenev said the company must "continuously raise our own bar. "Adam Gray/Bloomberg via Getty ImagesRobinhood's CEO says business is thriving and it's cutting jobs to "maximize our talent density. ""Our ambitions require us to continuously raise our own bar," Vlad Tenev wrote in a layoff memo.