![Robinhood-HOOD-Cuts-7-of-Jobs-in-Third-Round-Layoffs.jpg Robinhood (HOOD) Cuts 7% of Jobs in Third Round Layoffs of Since April 2022: WSJ](https://cryptotoptrends.com/wp-content/uploads/2023/06/Robinhood-HOOD-Cuts-7-of-Jobs-in-Third-Round-Layoffs-678x381.jpg)
The company, whose customers use the platform to trade stocks, options and crypto, made cuts as it adjusts to a slowdown in customer trading activity, the WSJ said. The number of active traders had dropped to fewer than 11 million in May, down from a peak of 21 million a month in second-quarter 2021, according to the newspaper. Crypto trading volume for May fell 68% from a year earlier, the company said.
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