Robinhood Markets cuts 23% of staff

The app-based brokerage dismissed 780 people, or about 23% of staff, and also announced the departure of a top executive.

NEW YORK: Robinhood Markets Inc is eliminating almost a quarter of its workforce and shuttering offices after a punishing first year as a public company.

The app-based brokerage dismissed 780 people, or about 23% of staff, and also announced the departure of a top executive.

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