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Retail trading platform Robinhood Markets Inc. HOOD-Q said on Tuesday it is laying off about 23% of its employees.

The layoffs will be concentrated in the company’s operations, marketing and program management functions, Robinhood Chief Executive Officer Vlad Tenev said in a blog post.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 17/05/24 4:15pm EDT.

SymbolName% changeLast
HOOD-Q
Robinhood Markets Inc Cl A
+12.23%20.09

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