As stock plunges to record lows, nearly 1 in 10 Robinhood employees are laid off

    Although Robinhood has been a pioneer in the retail trading market since its inception, the stock is currently down 38% in the last 30 days, with prices reaching their lowest levels since Robinhood’s IPO in 2021. Because of this, there have also been layoffs, with almost 1 in 10 employees being laid off. In order to regain this market share, Robinhood has begun a hiring campaign for experienced stockbrokers, with intentions of being the cheapest and best-equipped trading platform in the market.

    Robinhood, a popular retail trading platform, has let off 9% of its staff as a result of a stock sell-off that has dropped HOOD to an all-time low. HOOD has dropped by over 38% in the previous 30 days and is currently trading at $9.99, the lowest price since the initial public offering (IPO) in mid-2021.

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