KNOWLEDGE is POWER / REAL NEWS is KEY
New York: Monday, August 08, 2022
© 2022 U-S-NEWS.COM
Online Readers: 346
New York: Monday, August 08, 2022
Online: 342
Donald Trump's new social media platform "TRUTH Social" Join the Waiting List - Click here
CEO Vlad Tenev

SCIENCE & TECH: Robinhood slashing workforce again

Website 👉 https://u-s-news.com/
Telegram 👉 https://t.me/usnewscom_channel

Retail trading platform Robinhood Markets said Tuesday it is laying off about 23% of its employees, sending its shares down more than 3% in extended trading.

The company is also changing its organizational structure to “drive greater cost discipline,” Robinhood Chief Executive Officer Vlad Tenev said in a blog post.

Robinhood had already slashed 9% of its workforce in April, saying the company’s growth had led to some duplicate roles and job functions. Tenev said Tuesday that those cuts did not go far enough. 

“As CEO, I approved and took responsibility for our ambitious staffing trajectory – this is on me,” Tenev said.

Robinhood’s easy-to-use interface made it a hit among young investors trading from home on cryptocurrencies and stocks such as GameStop during the COVID-19 pandemic.

The company is also changing its organizational structure to “drive greater cost discipline,” CEO Vlad Tenev said.
REUTERS

However, the company has posted declines in revenue as its customer base has been spooked by rising interest rates and decades-high inflation. 

Robinhood announced second-quarter results a day earlier than expected. It posted a 6% sequential increase in revenue to $318 million despite a market sell-off in equities and cryptocurrencies. But revenue was down 44% from a year earlier.

Robinhood announced last quarter that it was changing the way it provided revenue projections by providing “certain limited purpose statistical and operational results on a monthly basis.”



Source link

(Visited 4 times, 1 visits today)
KNOWLEDGE is POWER / REAL NEWS is KEY
Woke & Liberal News is Fake News
You will find it on:
CNN - CBS - MSNBC - ABC - The New York Times - The Washington Post - Facebook - Twitter and more
They ALL SUCKS and simply DO NOT tell you the truth PERIOD

WARNING! If you usually get your news from one of these so-called "News Services" Welcome to you, but be prepared for big surprises!
eg. 2+2 is not 5 or 22 but 4 - There is not 57 different genders, only 2
KNOWLEDGE is POWER / REAL NEWS is KEY
Help your friends, family and the truth by sharing this article.

PGlmcmFtZSB3aWR0aD0iNjQwIiBoZWlnaHQ9IjM2MCIgc2Nyb2xsaW5nPSJubyIgZnJhbWVib3JkZXI9IjAiIHN0eWxlPSJib3JkZXI6IG5vbmU7IiBzcmM9Imh0dHBzOi8vd3d3LmJpdGNodXRlLmNvbS9lbWJlZC8ydEZzdEJzNjFQRTUvIj48L2lmcmFtZT4=
IMPORTANT!

Latest Video
PGlmcmFtZSBpZD0ib2R5c2VlLWlmcmFtZSIgd2lkdGg9IjY0MCIgaGVpZ2h0PSIzNjAiIHNyYz0iaHR0cHM6Ly9vZHlzZWUuY29tLyQvZW1iZWQvJTQwQWxleEpvbmVzQ2hhbm5lbD9mZWF0dXJlPWxhdGVzdCIgYWxsb3dmdWxsc2NyZWVuPjwvaWZyYW1lPg==

PGlmcmFtZSB3aWR0aD0iNjQwIiBoZWlnaHQ9IjM2MCIgc2Nyb2xsaW5nPSJubyIgZnJhbWVib3JkZXI9IjAiIHN0eWxlPSJib3JkZXI6IG5vbmU7IiBzcmM9Imh0dHBzOi8vd3d3LmJpdGNodXRlLmNvbS9lbWJlZC9CWDhmdW1VR2pRTUQvIj48L2lmcmFtZT4=
THIS IS IT!!!

Latest Video
PGlmcmFtZSBpZD0ib2R5c2VlLWlmcmFtZSIgd2lkdGg9IjY0MCIgaGVpZ2h0PSIzNjAiIHNyYz0iaHR0cHM6Ly9vZHlzZWUuY29tLyQvZW1iZWQvJTQwUlQ/ZmVhdHVyZT1sYXRlc3QiIGFsbG93ZnVsbHNjcmVlbj48L2lmcmFtZT4=

Livestream
PGlmcmFtZSBpZD0ib2R5c2VlLWlmcmFtZSIgd2lkdGg9IjY0MCIgaGVpZ2h0PSIzNjAiIHNyYz0iaHR0cHM6Ly9vZHlzZWUuY29tLyQvZW1iZWQvJTQwUlQ/ZmVhdHVyZT1saXZlbm93IiBhbGxvd2Z1bGxzY3JlZW4+PC9pZnJhbWU+

Want The Real News
and join millions of other active users
Ă—
Show
Ă—
Show