Robinhood stock slides after layoff announcement

Robinhood is firing 10% of its staff while simultaneously boasting that its business has "never been stronger" and trading volumes are hitting record highs. It is a cold, calculated move: claiming a position of strength while dumping the people who built it just to run "leaner." With in-app crypto volumes actually cratering by 50%, is this "lean" strategy a sign of true efficiency or a cynical attempt to mask a struggling core business? Do you agree with firing during record growth?
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