News > Robinhood lays off 9% of its employee base as stock prices crash

Robinhood lays off 9% of its employee base as stock prices crash

Robinhood lays off 9% of its employee base as stock prices crash, hitting an all-time low. The company’s CEO said that they are affirmative that cutting down on staff will improve the efficiency.

Still, this is a pretty significant number and might indicate that the company is struggling financially. It’s also important to note that Robinhood hasn’t still recovered from the effects of lowering Dogecoin trading.