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YC reduces S22 batch by 40%, $HOOD RIF, $MSTR CEO change, $ABNB earnings + Blueprint Part 4 | E1525
This Week in Startups
Robin Hood Lay Offs
Robin hood is laying off 20% to 23% of its employes as retail trading slows. Two rounds in total have cut more than a thousand jobs from the company. Bill gurley had an interesting tweat about lay offs, which he euphemistically calls reduction in force. But since people are using riff, riff is like you're not coming and laoffs can become riffs.
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