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المشهد العربي
Robin Hood reduces staff by 10 percent
The online trading platform Robinhood has announced a plan to reduce its workforce by 10%, equivalent to approximately 290 jobs, in order to improve efficiency and simplify the organizational structure. The company expects to incur restructuring costs of up to $20 million, along with about $8 million in liabilities for compensations and bonuses. This comes amid the company’s record-high trading volumes during the current June.
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