Robinhood Cuts 10% of Staff Amid Record Trading Volumes

Financial platform Robinhood Markets says it is laying off 10% of its staff. The job cuts are part of the company’s “efforts to maintain a high performance culture, further accelerate product velocity, and remain lean and disciplined,” Robinhood said in a Tuesday (June 16) Securities and Exchange Commission (SEC) filing . The filing added that Robinhood “is taking this action from a position of business strength, including June month-to-date average daily trading volumes at record levels across