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Robinhood to cut some full-time jobs as trading demand eases
Robinhood to cut some full-time jobs as trading demand eases,The Menlo Park, California-based company added that in some cases, teams could make changes based on volume, workload and other factors. Earlier in the day, the Wall Street Journal reported the company's move. Robinhood played a crucial role in the retail-trading frenzy during the pandemic but has struggled with a contracting customer base spooked by higher cost of commodities.

Robinhood to cut some full-time jobs as trading demand eases

The Menlo Park, California-based company added that in some cases, teams could make changes based on volume, workload and other factors. Earlier in the day, the Wall Street Journal reported the company's move. Robinhood played a crucial role in the retail-trading frenzy during the pandemic but has struggled with a contracting customer base spooked by higher cost of commodities.