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ROBINHOOD LAYOFFS
Why is US stock market down today? Dow, S&P 500 and Nasdaq see big crash today as Wall Street tumbles sharplyUS stock market down today: The Dow fell 188 points to 49,999 today. The S&P 500 dropped 0.39%. The Nasdaq sank 0.83%. The US stock market ...
Layoffs at Ola Electric; ED notice hits Paytm stockOla Electric has implemented significant job cuts amidst ongoing challenges. This and more in today’s ETtech Top 5.
Public markets pricking the valuation bubble & other top tech, startup stories of this weekAfter a slowdown in technology IPOs in 2022, several tech companies including Arm, Instacart, and Klaviyo have returned to raise funds from...
IT job vacancies slump 60% in January; Silicon Valley investor Tim Draper on Indian startupsThe IT and tech job market is under stress. As the year started with large scale layoffs globally, and in India, Information Technology ( I...
Tech industry job cuts come rapidly and in big numbersEven with all of the layoffs announced in recent weeks, most tech companies are still vastly larger than they were three years ago.
Facebook parent Meta is said to plan significant job cuts this weekThe layoffs were expected by the end of the week. Meta had 87,314 employees at the end of September, up 28% from a year ago.
Amazon, Lyft, Stripe, Twitter and other tech companies that have announced hiring freezes and layoffsAmazon said senior executives this week decided to pause incremental corporate hiring because the economy was "in an uncertain place."
Robinhood CEO rejects prospect of deal as shares trade higher on earningsIn an earnings call, Robinhood chief executive officer Vlad Tenev shut down prospects for a deal, adding that the retail trading platform i...
Robinhood cutting workforce by 23%The company is also changing its organizational structure to "drive greater cost discipline," Robinhood chief executive officer Vlad Tenev ...
Robinhood posts 44% slump in revenue, slashes headcount by 23%The company posted a net loss of $295 million. Stripping out the restructuring charges, Robinhood reported a loss of 32 cents per share ver...
Zomato to become ‘Eternal’; 11,500 sacked at Indian startups this yearZomato is rebranding itself to Eternal, an entity that will house Zomato's food delivery business and its growing number of side hustles.
Over 32,000 tech workers fired in US, more than 11,000 in India till JulySince April 1 this year, more than 43,000 workers from 342 tech companies/startups have been laid off across the world and over 13% are fro...
Crypto exchange FTX has "a few billion" to support industry: Sam Bankman-FriedSam Bankman-Fried, 30, has become crypto's white knight in recent weeks, throwing lifelines to digital asset platforms which have faltered ...
From Tesla to Peloton, companies slow hiring as economy sputtersThe billionaire said he has a "super bad feeling" about the economy and that the electric carmaker needs to axe about 10% of its workforce,...
Tech titans curb hiring in a 'challenging macro environment'Internet giants that saw business boom during the pandemic have taken a hit from inflation, war, supply-line trouble, and people returning ...
Robinhood, US financial services firm, fires 9% of its full-time employeesUS brokerage company Robinhood on Tuesday announced that it was cutting 9% of its fulltime workforce. The news has resulted in a decline of...
ETtech Evening Briefing, 29 Jan. 2021: Economic Survey 2021 & India’s Startup EconomyFrom Economic Survey 2021’s take on India’s startup ecosystem and gig economy to the government notifying India Seed Fund Scheme, here’s a ...
PayTM Money says many discount brokers will become boutique firmsPayTM Money forayed into the stock broking space at a time when a record number of first-time investors flocked to the market.