Baiju Bhatt and Vlad Tenev attend Robinhood Markets IPO Checklist Day on July 29, 2021 in New York Town.
Cindy Ord | Getty Photographs
Inventory buying and selling app Robinhood mentioned Wednesday will let maximum of its 3,400 particular person staff paintings remotely on an everlasting foundation.
The newly public brokerage is headquartered in Melo Park, California; on the other hand, for a big section of Robinhood workers there will probably be no location or in-office requirement, the corporate mentioned.
“Our groups have performed superb paintings and constructed a robust office neighborhood all through those unsure and difficult instances, and we are excited to proceed to provide them the versatility they have got requested for by way of staying essentially faraway,” Robinhood mentioned in a weblog submit. The plans have been introduced to Robinhood workers in December.
Robinhood considers itself a generation corporate, and its transfer follows tech corporations like Coinbase, Okta and Shopify going absolutely faraway. Different megacap tech giants like Meta Platforms and Microsoft have created versatile paintings techniques in keeping with the pandemic.
The submit mentioned Robinhood is construction out its technological functions to beef up this alteration. The company may be developing techniques to handle the demanding situations that work-for-home poses for positive underrepresented teams.
Stocks of Robinhood had been punished in contemporary months and are 80% in their most up-to-date top. The inventory sits round $17 according to percentage after opening at $38 according to percentage in it is public debut in July.
Stocks of Robinhood have been up fairly Wednesday.
