Source: International Business Times
The company disclosed the layoffs on Tuesday in a regulatory filing, saying the restructuring is designed to maintain a high-performance culture, accelerate product development, and keep the organization lean. Chris Delmas/AFP via Getty Images Robinhood is cutting approximately 10% of its full-time workforce, eliminating about 290 positions as the online brokerage says it is moving to streamline operations and flatten its organizational structure despite reporting strong business performance. The company disclosed the layoffs on Tuesday in a regulatory filing, saying the restructuring is designed to maintain a high-performance culture, accelerate product development, and keep the organization lean as it expands beyond its core stock-trading business.
