{"id":11521,"date":"2022-08-03T14:54:07","date_gmt":"2022-08-03T14:54:07","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/08\/03\/robinhood-is-firing-nearly-a-quarter-of-its-staff\/"},"modified":"2022-08-03T14:54:07","modified_gmt":"2022-08-03T14:54:07","slug":"robinhood-is-firing-nearly-a-quarter-of-its-staff","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/08\/03\/robinhood-is-firing-nearly-a-quarter-of-its-staff\/","title":{"rendered":"Robinhood is firing nearly a quarter of its staff"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/8\/2\/23289369\/robinhood-fires-23-percent-staff-second-round-layoffs<\/a>
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Robinhood is letting go of nearly a quarter of its staff, CEO Vlad Tenev said in a message posted to the company\u2019s blog<\/a>.<\/p>\n

\u201cAs part of a broader company reorganization into a General Manager (GM) structure, I just announced that we are reducing our headcount by approximately 23%,\u201d Tenev wrote. \u201cWhile employees from all functions will be impacted, the changes are particularly concentrated in our operations, marketing, and program management functions.\u201d<\/p>\n

Robinhood\u2019s chief product officer Aparna Chennapragada is also stepping down from her post as part of the restructuring, according to a filing with the Securities and Exchange Commission<\/a>, though she\u2019ll \u201cremain employed in an advisory role to the CEO or his designee through January 2, 2023.\u201d Chennapragada joined the company<\/a> from Google in March 2021.<\/p>\n