Robinhood lays off 23% of staff

Re:Robinhood lays off 23% of staff by nerdponx on Tuesday August 02, 2022 @06:44PM (#32325233)

The article said it was around 1000 employees. So cutting his pay by $50m would mean $50k per laid-off employee.

How as an investor or shareholder can you not look at this as downright robbery?

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Re:Robinhood lays off 23% of staff by Keegs on Tuesday August 02, 2022 @07:02PM (#32325415)

But the same $50m paid to a single employee (on top of hundreds more) is not robbery?

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Re:Robinhood lays off 23% of staff by nerdponx on Wednesday August 03, 2022 @04:53PM (#32336540)

I might have been too obtuse with my post. I meant that it's robbery for the CEO to be compensated so much.

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Re:Robinhood lays off 23% of staff by spywaregorilla on Tuesday August 02, 2022 @07:13PM (#32325493)

That would be his money, not the shareholders

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