Robinhood plans to let go of ~9% of its full-time employees, after growing its headcount from 700 to nearly 3,800 from 2019 to 2021; stock drops ~5% after hours (Under the Hood)

Under the Hood:
Robinhood plans to let go of ~9% of its full-time employees, after growing its headcount from 700 to nearly 3,800 from 2019 to 2021; stock drops ~5% after hours  —  Robinhood CEO Vlad Tenev shared the below to Robinhood employees following a company-wide meeting to discuss the changes.