Home Latest News Robinhood Cuts 23% of Staff, Joining Netflix and Amazon in Tech Slowdown...

Robinhood Cuts 23% of Staff, Joining Netflix and Amazon in Tech Slowdown – Bloomberg


Next Big Risk asks three titans of the financial industry what they see coming in the next 5 to 10 years. Bloomberg’s Sonali Basak speaks with Founder and CEO of FTX Sam Bankman-Fried, former Goldman Sachs Chief Investment Strategist Abby Joseph Cohen, founder of Moelis and Company Ken Moelis about their biggest concerns, ranging from the next pandemic to deglobalization.
Insight and analysis of top stories from our award winning magazine “Bloomberg Businessweek”.
German payments company Wirecard was the darling of the nation’s fintech industry. Then came the admission that almost $2 billion of the company’s funds had gone missing.
UK Auto-Capital Mayor Wants India to Rev Up Motorcycle Industry
Taiwan Says China Simulating Attack on Main Island in Drills
Fintech Firm Paytm’s Quarterly Loss Widens Almost 70% on Costs
Amazon’s iRobot Deal Seen Facing Tough FTC Antitrust Review
Google Sued for Nixing Free Workspace Software to Early Adopters
China Relationship Is Casualty of Truss-Sunak Battle to Lead UK
Here’s Where UK’s Truss, Sunak Stand on Issues from Tax to China
How a Tiny Hong Kong Firm Grew Bigger Than Goldman, Then Began to Plunge
SoftBank’s Next Pain Point Is Recognizing Private Asset Meltdown
Michigan Cuts Ties With Embattled Hockey Coach Mel Pearson
Warner Bros. Discovery Q2 Results Miss Wall Street’s View
China’s Backlash Shows the Neighborhood Who It Really Is
The Global Economic Outlook Is as Clear as Mud
Unemployment Heads in the Wrong Direction for the Fed
Amazon’s Roomba Deal Is Really About Mapping Your Home
Crypto Companies Are Spending $2.4 Billion on Sports Sponsorships
IVF Patients Are Trapped in Limbo and Bracing for the Next Post-Roe Fight
Ex-Cisco Worker Claiming Caste Discrimination Avoids Arbitration
VC Billionaire Marc Andreessen and Ultra-Wealthy Neighbors Thwart Housing in California Town
NYC Mayor Slams Texas Governor for Busing Migrants in Test of Sanctuary Cities
Record Floods Strand 1K People in Death Valley National Park
Western Senators Secure $4 Billion for Drought in Spending Bill
The Mission to Rescue Beirut’s Cultural Heritage From Rubble
The Cities Encouraging Healing With ‘Trauma-Informed Placemaking’
Across Europe, Gas-Strapped Cities Prepare to Power Down
Bankrupt Crypto Broker Voyager Plans to Resume Cash Withdrawals
Lambo Dealers Are Keeping Warm Despite Crypto Winter
Bitcoin Lingers Near $23,000 as Job Gains Weigh on Risk Assets
After years of bulking up, the industry is bracing for recession.
Apple plans to slow its hiring next year, according to people familiar with the matter.

With recession fears mounting—and inflation, the war in Ukraine and the lingering pandemic taking a toll—many tech companies are rethinking staffing needs. That’s included freezing hiring, rescinding offers and even laying off workers.
Robinhood Markets Inc. was one of the latest to make cuts, moving to eliminate nearly a quarter of its workforce. Oracle Corp. also has been paring its staff this week.


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