Bay Area-based Robinhood lays off nearly a quarter of staff

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Robinhood, the controversial, fledgling stock and cryptocurrency tech firm headquartered in the Bay Area, announced mass layoffs on the same day that it was slapped with a $30 million fine by the state of New York. Twenty-three percent of Robinhood’s corporate head count, about 800 of its approximately 3,400 employees, will be laid off, Robinhood co-founder and CEO Vlad Tenev said in a Tuesday ...

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