Bad days just got worse for this Silicon Valley company

It was a really bad day at a once-flying Silicon Valley startup, but for many (now ex-) employees, it got worse.

Robin Hood (hood) – Get the Robinhood Markets Inc. reportThe troubled brokerage, which has caught the attention of Gen Z investors, can no longer rest and is laying off 23% of its workforce.

It started when the company announced that it had been fined millions of dollars. Ironically, the problem is related to understaffing in one of these key areas.

Chief executive Vlad Tenev said most of the layoffs would be among staff in operations, marketing and project management. blog post.

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