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Strassel More Editorials Commentary Future View Letters to the Editor The Weekend Interview Potomac Watch Podcast Foreign Edition Podcast Free Expression Podcast Opinion Video Notable & Quotable * Books & Arts Reviews Film Television Theater Masterpiece Series Music Dance Opera Exhibition Cultural Commentary Sections Arts Books More WSJ Puzzles Life Video Arts Video * Real Estate Sections Commercial Real Estate More Real Estate Video * Life & Work Sections Cars Careers Food & Drink Home & Design Ideas Personal Finance Recipes Travel Wellness Columns Your Health Work & Life The Middle Seat Bonds At Work Turning Points On Wine On The Clock More WSJ Puzzles Space & Science * Style Sections Fashion Film Television Music Art & Auctions Columns My Monday Morning Off Brand On Trend * Sports Sections Beijing 2022 Olympics MLB NBA NFL Golf Tennis Soccer Columns Jason Gay Search Covid-19 Travel Q&ABoosterBA.5 SubvariantReinfectionVaccinating ChildrenCovid TrackerTreating Covid This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/ robinhood-lays-off-23-of-staff-11659471011 Share * Facebook * Twitter * LinkedIn * Copy Link * Markets * Finance Robinhood Lays Off 23% of Staff as Retail Investors Fade from Platform The job cuts mark the second round of layoffs for the online brokerage, which exploded in popularity during the Covid-19 pandemic []Along with cuts announced in April, Robinhood has slashed more than 1,000 jobs from the company. Photo: BRENDAN MCDERMID/REUTERS By Caitlin McCabe Updated Aug. 2, 2022 6:21 pm ET print Listen to article (2 minutes) Robinhood Markets is slashing about 23% of its full-time staff as the flashy online brokerage continues to reel from a sharp slowdown in customer trading activity. The job cuts mark the second round of layoffs this year at Robinhood, which in April reduced its staff by about 9%. Together, the two rounds have cut more than 1,000 jobs from the company. 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