Robinhood to axe 7% of full-time staff in latest round of layoffs: Report By Cointelegraph

Online brokerage firm Robinhood (NASDAQ:) Markets will reportedly lay off roughly 150 full-time staff — 7% of its total workforce — in its third round of layoffs in just over a year.

According to an internal company message seen by The Wall Street Journal, Robinhood Chief Financial Officer Jason Warnick reportedly wrote that the cuts were being made to “adjust to volumes and to better align team structures.”