Robinhood, the popular trading platform, has announced its third round of layoffs, reducing approximately 150 staff members. This move is a response to a slowdown in customer trading activity since Q2 2021. The company aims to align its team structures and adjust to volumes. In 2022 alone, Robinhood has cut its headcount by 30%. Critics argue that the company’s rapid evolution and lack of oversight have led to a volatile trading environment, potentially harming retail investors. Robinhood’s layoffs reflect its efforts to streamline operations and adapt to market changes.
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