The company, whose customers use the platform to trade stocks, options and crypto, made cuts as it adjusts to a slowdown in customer trading activity, the WSJ said. The number of active traders had dropped to fewer than 11 million in May, down from a peak of 21 million a month in second-quarter 2021, according to the newspaper. Crypto trading volume for May fell 68% from a year earlier, the company said.
Source: https://www.coindesk.com/business/2023/06/27/robinhood-sheds-jobs-for-third-time-since-april-2022-wsj/?utm_medium=referral&utm_source=rss&utm_campaign=headlines