Robinhood plans to close more offices due to obstacles in its growth plans

According to Chain Catcher news and Bloomberg, the stock and cryptocurrency trading platform Robinhood will partially or completely close another 5 offices as a measure to cope with the sharp decline in trading volume and to implement comprehensive reforms to control expenses.

It is reported that earlier this year, Robinhood laid off more than 1,000 employees and closed two offices, and now plans to close other offices without layoffs. (Bloomberg)