Robinhood Announces Massive Layoffs Along With Second-Quarter Earnings
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Robinhood Announces Massive Layoffs Along With Second-Quarter Earnings
Robinhood Announces, Massive Layoffs , Along With Second-Quarter Earnings .
On November 8, Robinhood CEO Vlad Tenev announced
via press release that the fintech company would
be laying off approximately 23% of its workforce.
On November 8, Robinhood CEO Vlad Tenev announced
via press release that the fintech company would
be laying off approximately 23% of its workforce.
NBC reports that the layoffs will mostly
be focused on operations, marketing
and program management.
According to Tenev, the reduction comes as a result of , “deterioration of the macro environment, with inflation at 40-year highs accompanied by a broad crypto market crash.”.
According to Tenev, the reduction comes as a result of , “deterioration of the macro environment, with inflation at 40-year highs accompanied by a broad crypto market crash.”.
In April, Robinhood laid off 9% of its employees.
I want to acknowledge
how unsettling these
types of changes are, Vlad Tenev, Robinhood CEO, via NBC.
According to the press release, Robinhood will
flatten its organizational structure, giving new
general managers more responsibility for business.
According to the press release, Robinhood will
flatten its organizational structure, giving new
general managers more responsibility for business.
Directly following a November 8 all-hands meeting,
Tenev said that impacted employees would be informed
if they still have a job via an email and a Slack message.
Directly following a November 8 all-hands meeting,
Tenev said that impacted employees would be informed
if they still have a job via an email and a Slack message.
The announcement of the layoffs came with the company's
earnings report for the second quarter, which saw declines
in revenue, stock value and monthly active users.
The announcement of the layoffs came with the company's
earnings report for the second quarter, which saw declines
in revenue, stock value and monthly active users.
NBC reports that shares of Robinhood
are currently down 48% compared
to the same time in 2021.
In July of 2021, the company went public
at $38 per share, jumped as high as $85 per
share and is now down to just $9.23 a share
Sabrina Impacciatore of 'The White Lotus' and Domhnall Gleeson from 'Star Wars: The Rise of Skywalker' have been cast in the new take on the beloved NBC Steve Carell-led comedy 'The Office.'
Credit: The Hollywood Reporter Duration: 01:08Published
Biden Looks to Energize , Young Voters With Earth Day , Solar Energy Grants.
Biden Looks to Energize , Young Voters With Earth Day , Solar Energy Grants.
NBC reports that President Joe Biden will mark
Earth Day with the announcement of $7 billion
in federal grants for residential solar projects.
NBC reports that President Joe Biden will mark
Earth Day with the announcement of $7 billion
in federal grants for residential solar projects.
The grants will bring solar energy
to over 900,000 households in both
low- and middle-income communities. .
According to senior administration officials, the
projects receiving additional funding will reduce emissions
by 30 million metric tons and save $350 million every year. .
According to senior administration officials, the
projects receiving additional funding will reduce emissions
by 30 million metric tons and save $350 million every year. .
NBC reports that solar power has gained
traction as a clean energy source that could
help reduce U.S. reliance on fossil fuels.
However, the high cost of initial installation
makes solar energy inaccessible
for many households in the U.S.
However, the high cost of initial installation
makes solar energy inaccessible
for many households in the U.S.
49 of the new grants will be awarded at
the state level, six more will serve Native American
tribes and another five are multi-state awards.
The grants will be used for renewable
investments that include rooftop solar
and community solar gardens. .
The grants will be used for renewable
investments that include rooftop solar
and community solar gardens. .
Officials say that the latest environmental
announcements are part of an effort to energize
young voters ahead of his upcoming reelection campaign.
Biden also reportedly plans to expand the
American Climate Corps green jobs training program,
which was created last year by executive action. .
Biden also reportedly plans to expand the
American Climate Corps green jobs training program,
which was created last year by executive action. .
The corps, which will offer nearly 2,000 positions across
36 states, is meant to offer young Americans the chance
to help enact the Biden administration's climate agenda. .
The corps, which will offer nearly 2,000 positions across
36 states, is meant to offer young Americans the chance
to help enact the Biden administration's climate agenda.
Credit: Wibbitz Top Stories Duration: 01:31Published
Olympic Break-Dancing , Is Making Its First Appearance , at the Paris Games.
NBC reports that break-dancing will
make its debut as an official Olympic
sport at the upcoming Paris Games.
Also known as breaking, the sport
features headspins, windmills, various
"freeze" moves and will be set to music.
According to the Paris Olympics, the sport is , "characterized by acrobatic movements, stylized
footwork and the key role played by the DJ and
the MC (master of ceremonies) during battles.".
The sport first made an appearance
at the 2018 Youth Olympics
in Buenos Aires, Argentina.
According to NBC Olympics, the event
garnered over one million viewers,
a much wider audience than many other sports.
According to NBC Olympics, the event
garnered over one million viewers,
a much wider audience than many other sports.
Breaking joins a number of other new sports, including
three that were debuted at the 2020 Tokyo Games: , surfing, skateboarding and sport climbing.
Breaking joins a number of other new sports, including
three that were debuted at the 2020 Tokyo Games: , surfing, skateboarding and sport climbing.
Breaking joins a number of other new sports, including
three that were debuted at the 2020 Tokyo Games: , surfing, skateboarding and sport climbing.
NBC reports that the new sports represent an effort
by the International Olympic Committee (IOC)
to draw in younger viewers and athletes. .
NBC reports that the new sports represent an effort
by the International Olympic Committee (IOC)
to draw in younger viewers and athletes. .
The Paris Olympics breaking competition
will be split into two events on August 9
and 10 at La Concorde Urban Park.
According to the Paris Olympics, the event
will see a total of 16 B-boys or 16 B-girls , "go face to face in spectacular solo battles.".
According to the Paris Olympics, the event
will see a total of 16 B-boys or 16 B-girls , "go face to face in spectacular solo battles."
Credit: Wibbitz Top Stories Duration: 01:31Published
Carl Erskine, , 1950s Dodgers Pitcher, , Dead at 97.
NBC reports that the baseball legend
died at Community Hospital Anderson in Indiana.
He was one of the last surviving members of the
celebrated Brooklyn teams from the 1950s, having
spent his entire career playing for the Dodgers.
He was one of the last surviving members of the
celebrated Brooklyn teams from the 1950s, having
spent his entire career playing for the Dodgers.
Between 1948 and 1959,
Erskine and the Dodgers took home
five National League pennants.
Between 1948 and 1959,
Erskine and the Dodgers took home
five National League pennants.
The right-handed pitcher had a career record of 122-78 with 981 strikeouts and an ERA of 4.00.
Erskine's best season came in 1953
when he led the National League
with a record of 20-6.
In 1954, Erskine had another
All-Star season, winning 18 games.
Out of his five World Series appearances,
the Dodgers beat the Yankees
in 1955 to win their only championship.
Out of his five World Series appearances,
the Dodgers beat the Yankees
in 1955 to win their only championship.
With Erskine's passing, 88-year-old
Sandy Koufax becomes the lone surviving
Dodgers player from that 1955 World Series team.
With Erskine's passing, 88-year-old
Sandy Koufax becomes the lone surviving
Dodgers player from that 1955 World Series team.
In July of 2023, the Baseball Hall of Fame's
board of directors awarded Erskine with
the Buck O'Neil lifetime achievement award.
In July of 2023, the Baseball Hall of Fame's
board of directors awarded Erskine with
the Buck O'Neil lifetime achievement award.
For millions of fans, he was
a baseball hero. For his family
and thousands of Special Olympians,
Carl was someone who always
believed everything was possible. , Jane Forbes Clark, Baseball Hall of Fame chairman, via NBC.
His legacy is one
of deep compassion
and encouragement
of the human spirit, Jane Forbes Clark, Baseball Hall of Fame chairman, via NBC
Credit: Wibbitz Top Stories Duration: 01:31Published
!['The Office' Reboot Sets First Cast Members | THR News Video [Video]](https://video.newsserve.net/300/v/20240423/1373565622-The-Office-Reboot-Sets-First-Cast-Members.jpg)
![Biden Looks to Energize Young Voters With Earth Day Solar Energy Grants [Video]](https://video.newsserve.net/300/v/20240422/1373447144-Biden-Looks-to-Energize-Young-Voters-With-Earth.jpg)
![Olympic Break-Dancing Is Making Its First Appearance at the Paris Games [Video]](https://video.newsserve.net/300/v/20240417/1372927232-Olympic-Break-Dancing-Is-Making-Its-First-Appearance.jpg)
![Carl Erskine, 1950s Dodgers Pitcher, Dead at 97 [Video]](https://video.newsserve.net/300/v/20240417/1372905816-Carl-Erskine-1950s-Dodgers-Pitcher-Dead-at-97.jpg)
![Beyoncé's Latest Album Has Boosts Sales for Western Style [Video]](https://video.newsserve.net/300/v/20240416/1372831212-Beyoncé-Latest-Album-Has-Boosts-Sales-for.jpg)
