Robinhood Layoff 290 Employees in Push for Greater Efficiency

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Robinhood Markets is laying off approximately 290 employees, representing about 10% of its full-time workforce, as the company seeks to streamline operations and flatten its organizational structure. The firm is also closing open job positions as part of the restructuring effort. CEO Vlad Tenev said trading activity surged in June across equities, options, and prediction …