The trading platform's CEO drew a clear contrast between the workforce the company is shedding and the one it wants to keep.

Robinhood's CEO said the company was "flattening" its organizational structure to avoid becoming a "heavily-layered organization."

The trading platform's CEO drew a clear contrast between the workforce the company is shedding and the one it wants to keep.

Trading platform Robinhood on Tuesday announced that it will be laying off 10% of its workforce, or about 290 employees. | Trending