Retail trading platform Robinhood Markets Inc said 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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
