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This $91B Fintech Startup Is Laying Off 10% of Staff: Memo

The company’s CEO said in a memo that the business “has never been stronger.” Here’s why layoffs happened anyway.

Fintech startup Robinhood is cutting hundreds of jobs while insisting that its business “has never been stronger.” Robinhood CEO Vlad Tenev is framing the latest layoffs as a proactive cultural and structural reset toward a “high-performance” organiz… [2852 chars]

Source: Entrepreneur | Published: 2026-06-17T15:26:46Z

Credit: Entrepreneur

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