Robinhood laid off staff to adjust to an environment of low trading activity, according to an internal memo penned by chief financial officer Jason Warnick.
Citing an internal memo penned by chief financial officer Jason Warnick, the firm laid off staff to adjust to environment of low trading activity.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Crypto and equities brokerage firm Robinhood has laid off about 7% of its staff, according to a report by The Wall Street Journal.
To be sure, Robinhood isn't alone. A relatively somnolent crypto market has resulted in lower trading volumes across the board, which in turns means less profit for companies facilitating trading. Thefor crypto exchange volumes is hovering below $20 billion — sharply down from an all-time high of over $150 billion. Still, BlackRock's filing for a spot bitcoin ETF has kicked off a rally that's helped to elevate volumes slightly.
© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Robinhood is laying off around 7% of staff, WSJ reportsStock-trading app Robinhood Markets Inc. is laying off around 7% of its full-time staff, or around 150 people, the Wall Street Journal reported on Monday....
Leer más »
Robinhood to axe 7% of full-time staff in latest round of layoffs: ReportAccording to an internal company message robinhoodapp is set to let go of approximately 7% of its total workforce — in its third round of layoffs in just over a year.
Leer más »
Robinhood to cut some full-time jobs as trading demand easesTrading platform Robinhood Markets said on Monday it was cutting some of its full-time jobs, as it looks to offset costs amid slowing demand for its services.
Leer más »
WSJ News Exclusive | Tech Startup Targets Missile Motors as Silicon Valley Moves Into WeaponsAnduril, one of the first California-based tech startups to seek weapons contracts from the Pentagon, is purchasing a rocket-engine business to supply motors used in missiles
Leer más »
WSJ News Exclusive | Scammers Target Stores With Bomb Threats, Seeking Bitcoin and Gift CardsLaw-enforcement officials and retailers are investigating a recent wave of bomb threats across the U.S. targeting grocery operators and other stores
Leer más »
WSJ News Exclusive | Taiwan Elections a Big Topic During Blinken’s Talks in ChinaBeijing tried to size up Washington’s interest in the coming race in self-ruled Taiwan, with Chinese officials sharing their concerns over the presidential candidate of the incumbent Democratic Progressive Party.
Leer más »