People wait in line for T-shirts at a pop-up kiosk for the online brokerage Robinhood in New York City after the company went public on July 29, 2021. On Tuesday, the company said it was cutting nearly a quarter of its staff.

Robinhood – the company that became a household name during the pandemic – is cutting staff, citing a deteriorating economy and worsening market.

(Image credit: Spencer Platt/Getty Images)


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