Robinhood Q2 Report: 23% of Company Employees to Be Laid Off

Robinhood, an American-based stock and cryptocurrency trading platform, has released its 2022 second quarter report.

Announcing its second quarter report, American-based stock exchange platform Robinhood, after the economic losses of its employees 23%He decided to remove it. In the statement made by the company, it was stated that the employees determined after the internal meeting to be held on Thursday will receive informative e-mails on the subject. A “reconstructionThis austerity policy, presented as ”, points to a contraction especially in the marketing and advertising management departments of the company. About this contraction 780 personnel expected to be affected.

Here are the details of Robinhood’s second quarter report:

  • Total net income increased 6% to $318 million.
  • The company reported a $0.34 loss per share on revenue of $318 million.

in the first quarter of 2022 $299 million net income, thanks to an increase in revenue from cryptocurrency operations and net interest 318 million level rose. However, the company’s net balance sheet achieved in the second quarter of 2021 565 million your dollar is largely under.

In addition, the number of monthly active users and net assets controlled by the company decreased significantly, according to the report. Monthly active users decreased by 1.9 million compared to last June. dropped to 14 million.

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