Robinhood, the online brokerage, has had two rounds of layoffs - cutting 9% of its workforce in April and another 23% this week. — Reuters
With recession fears mounting-and inflation, the war in Ukraine and the lingering pandemic taking a toll-many tech companies are rethinking staffing needs. That’s included freezing hiring, rescinding offers and even laying off workers.
Robinhood Markets Inc was one of the latest to make cuts, moving to eliminate nearly a quarter of its workforce. Oracle Corp also has been paring its staff this week.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
