US: Robinhood to close 5 more offices without lay-offs

by: Sayantani Chakraborty

US: Robinhood to close 5 more offices without lay-offs

US: Robinhood to close 5 more offices without lay-offs

by: Sayantani Chakraborty

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TW Newsdesk, October 1: Robinhood Markets on Friday, September 30, said that it will partially or completely shut down five more offices in the US as part of its restructuring plan to cut expenses.

The California-based brokerage company said the closures, which will result in restructuring charges of around 45 million dollars, will be done without any job cuts.

Reportedly, Robinhood fired around 23% of its employees in August.

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