Wall Street

A Really Bad Day Just Got Worse at This Silicon Valley Company

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The Street

By Ellen Chang,Tom Bemis How do you top a multi-million dollar fine? Hundreds of employees at the company just found out. A really bad day at a once high-flying Silicon Valley startup just a got a whole lot worse for many (now former) employees. Robinhood (HOOD) – Get Robinhood Markets Inc. Report, the troubled brokerage that attracted the attention of Gen Z investors, can not catch a break and is laying off 23% of its employees. Things began with the company announcing it had been issued a multi-million dollar fine. Ironically enough, the problem had to do with understaffing in one of its key…

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