net_left adver left
Detail

Robinhood CEO Vlad Tenev Takes Blame As Company Cuts 23% Of Its Staff

Commission-free investment platform Robinhood Markets Inc (NASDAQ:HOOD). has announced the release of 23% of its staff as part of its efforts to reorganize, citing...
Robinhood CEO Vlad Tenev Takes Blame As Company Cuts 23% Of Its Staff © Reuters Robinhood CEO Vlad Tenev Takes Blame As Company Cuts 23% Of Its Staff

Commission-free investment platform Robinhood Markets Inc (NASDAQ:HOOD). has announced the release of 23% of its staff as part of its efforts to reorganize, citing economic uncertainty and the deteriorating market environment.

Robinhood Lays Off 23% of Its Staff

In a Tuesday blog post, Robinhood announced that it would be laying off 23% of its staff, at roughly 780 employees. The job cut follows a 44% decline in overall revenue for the company, slumping trade activity, and a Q2 net loss of $295 million.

The job cut represents one aspect of Robinhood’s reorganization efforts, which also resulted in the closure of two of its office branches.

The layoffs are the second such instance in three months, after Robinhood initially cut 9% of its full-time staff, releasing 300 workers in April.

Vlad Tenev Takes Responsibility

In the company’s official blog post, CEO and Co-Founder of Robinhood Vlad Tenev took responsibility for the reductions, explaining that the company had over-hired in the frenzy that ensued in 2021.

Tenev accepted the blame, stating: “as CEO, I approved and took responsibility for our ambitious staffing trajectory – this is on me.”

According to the Robinhood CEO, “employees from all functions” will be impacted. He added that the layoffs were “particularly concentrated” in the company’s operations, marketing and program management departments.

On the Flipside

  • The New York State Department of Financial Services has slapped Robinhood with a $30 million fine for the violation of anti-money-laundering and cybersecurity regulations.

Why You Should Care

Impacted by the crypto slump over the last eight months, Robinhood is looking to reorganize its structure to drive greater cost discipline and cope with the crypto winter.

Users are leaving Robinhood. Find out more in:

The Charm Fades: Users Leave Robinhood

Read more about the Robinhood fines below:

Robinhood Crypto Unit Fined in New York for Violating Money Laundering Rules

Continue reading on DailyCoin

HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
16-08-2022 21:07:07 (UTC+7)

EUR/USD

1.0167

+0.0007 (+0.07%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (6)

EUR/USD

1.0167

+0.0007 (+0.07%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (6)

GBP/USD

1.2084

+0.0030 (+0.25%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (5)

USD/JPY

134.49

+1.17 (+0.88%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (3)

Sell (3)

AUD/USD

0.7016

-0.0006 (-0.09%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (7)

USD/CAD

1.2869

-0.0035 (-0.27%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (8)

EUR/JPY

136.77

+1.32 (+0.97%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (1)

Sell (6)

EUR/CHF

0.9662

+0.0048 (+0.50%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Gold Futures

1,791.80

-6.30 (-0.35%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (2)

Silver Futures

20.122

-0.150 (-0.74%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (2)

Copper Futures

3.6315

+0.0140 (+0.39%)

Summary

Neutral

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (1)

Sell (7)

Crude Oil WTI Futures

90.22

+0.81 (+0.91%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Brent Oil Futures

95.60

+0.50 (+0.53%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Natural Gas Futures

9.236

+0.508 (+5.82%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (4)

US Coffee C Futures

222.18

-3.32 (-1.47%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Euro Stoxx 50

3,789.25

-0.37 (-0.01%)

Summary

Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (3)

Sell (5)

S&P 500

4,288.78

-8.36 (-0.19%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (9)

DAX

13,838.75

+22.14 (+0.16%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (2)

FTSE 100

7,544.15

+35.00 (+0.47%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Hang Seng

19,830.52

-210.34 (-1.05%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

US Small Cap 2000

2,005.60

-14.80 (-0.73%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (10)

IBEX 35

8,507.89

+80.89 (+0.96%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

BASF SE NA O.N.

44.270

+0.210 (+0.48%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (4)

Bayer AG NA

53.85

+0.29 (+0.54%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Allianz SE VNA O.N.

179.45

+0.67 (+0.37%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (1)

Adidas AG

171.22

-1.72 (-0.99%)

Summary

Neutral

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (5)

Sell (2)

Deutsche Lufthansa AG

6.704

-0.030 (-0.45%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (5)

Siemens AG Class N

111.55

-0.65 (-0.58%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (10)

Sell (0)

Deutsche Bank AG

8.992

+0.050 (+0.56%)

Summary

Neutral

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (5)

Sell (2)

 EUR/USD1.0167Sell
 GBP/USD1.2084Neutral
 USD/JPY134.49Neutral
 AUD/USD0.7016↑ Sell
 USD/CAD1.2869↑ Sell
 EUR/JPY136.77Neutral
 EUR/CHF0.9662↑ Buy
 Gold1,791.80↑ Buy
 Silver20.122↑ Buy
 Copper3.6315Neutral
 Crude Oil WTI90.22↑ Buy
 Brent Oil95.60↑ Buy
 Natural Gas9.236Sell
 US Coffee C222.18↑ Sell
 Euro Stoxx 503,789.25Sell
 S&P 5004,288.78↑ Sell
 DAX13,838.75Neutral
 FTSE 1007,544.15↑ Sell
 Hang Seng19,830.52↑ Buy
 Small Cap 20002,005.60↑ Sell
 IBEX 358,507.89↑ Buy
 BASF44.270↑ Sell
 Bayer53.85↑ Sell
 Allianz179.45Buy
 Adidas171.22Neutral
 Lufthansa6.704↑ Sell
 Siemens AG111.55↑ Buy
 Deutsche Bank AG8.992Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,580/ 6,680
(-10/ -10) # 1,639
SJC HCM6,600/ 6,700
(-10/ -10) # 1,659
SJC Hanoi6,600/ 6,702
(-10/ -10) # 1,661
SJC Danang6,600/ 6,702
(-10/ -10) # 1,661
SJC Nhatrang6,600/ 6,702
(-10/ -10) # 1,661
SJC Cantho6,600/ 6,702
(-10/ -10) # 1,661
Cập nhật 16-08-2022 21:07:09
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,775.62-2.86-0.16%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V25.34025.840
RON 95-III24.66025.150
E5 RON 92-II23.72024.190
DO 0.05S22.90023.350
DO 0,001S-V24.88025.370
Dầu hỏa 2-K23.32023.780
ↂ Giá dầu thô thế giới
WTI$89.17-1.37-1.56%
Brent$94.69-1.73-1.86%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.230,0023.540,00
EUR23.145,5524.441,71
GBP27.456,8428.627,78
JPY171,08181,12
KRW15,4318,80
Cập nhật lúc 18:54:08 16/08/2022
Xem bảng tỷ giá hối đoái
adver main right