Robinhood CEO Vlad Tenev

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Company that deals in online trading platform Robinhood

Robinhood announced on Tuesday that it will cut 9% of its employees there.

CEO Vlad Tenev told his employees that I had a good experience of the growth of the business in the term of 2020 and 2021

According to the data, more than $1.8 billion was earned in 2021 from about $278 million in 2019

  Robinhood's executive reveals that he increased his workforce while delivering to customer and market fulfillment

This number of its employees was increased from about 6X 700 to about 3800

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Keeping all these factors in mind, Robinhood decided to cut employees' salary by 9%.

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