Robinhood Cuts 23% of Staff, Joining Netflix and Amazon in Tech Slowdown – Bloomberg

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After years of bulking up, the industry is bracing for recession.
Apple plans to slow its hiring next year, according to people familiar with the matter.

With recession fears mounting—and inflation, the war in Ukraine and the lingering pandemic taking a toll—many tech companies are rethinking staffing needs. That’s included freezing hiring, rescinding offers and even laying off workers.
Robinhood Markets Inc. was one of the latest to make cuts, moving to eliminate nearly a quarter of its workforce. Oracle Corp. also has been paring its staff this week.


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