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Great Flattening

Coverage of Great Flattening in the Nexus archive.

Earliest in view: Jun 16 · 13:47 UTCMost recent: Jun 16 · 13:47 UTC

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BUSINESSJun 16 · 13:47 UTCBUSINESS INSIDER
Robinhood layoffs will cut 10% as part of an org chart 'flattening.' Read the CEO's memo.
Robinhood is laying off 10% of its staff as part of an organizational 'flattening' to become leaner while maintaining strong business performance. CEO Vlad Tenev emphasized the move is proactive to ensure a 'lean, hyper-focused team' and continued strategic hiring.