BY Danisha mie orbe

Why Robinhood Is Firing Its Staff?

Why Robinhood Is Firing Its Staff?

Almost a quarter of the employees at Robinhood is going to be...

DISMISSED

Aparna Chennapragada, the chief product officer for Robinhood, is also...

 resigning

What's the matter

?

The revelations occurred as Robinhood revealed its Q2 2022 revenue data a day sooner...

Than expected, showing total sales of $318 million, a 44 percent decrease from the same time in 2021.

The only option they can envision to alleviate their loss is to let go of certain employees.

- CEO Vlad Tenev

"

“As part of a broader company reorganization into a General Manager (GM) structure, I just announced that we are reducing our headcount by approximately 23%,”