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Robinhood cutting workforce by 23%

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Aug 2 (Reuters) - Retail trading platform Robinhood Markets Inc said on Tuesday it is laying off about 23% of its employees.

The layoffs will be concentrated in the company's operations, marketing and program management functions, Robinhood Chief Executive Officer Vlad Tenev said in a blog post. (Reporting by Hannah Lang in Washington Editing by Chris Reese)