Robinhood to cut roughly 7% of full-time staff, WSJ reports

Robinhood is slashing roughly 7% of its full-time workforce, marking the third major round of layoffs in just over a year for the company as it adjusts to a slowdown in customer trading activity, the Wall Street Journal’s Hannah Miao and Angel Au-Yeung report. Roughly 150 workers will lose their positions, the authors say, citing an internal company message.