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Robinhood switching to permanent Work From Home?

Key Highlights:

  • Robinhood shifting 3,400 employees to permanent remote working.
  • Some of the employees will still have to work from the office or stay at a commutable distance from the office.
  • Amazon is among the top 3 stocks to invest in on Robinhood.

Robinhood Markets Inc. recently confirmed that the company will be shifting 3,400 employees to remote working permanently.

Robinhood’s move towards remote working was first speculated in December when the company shared the plans of remote-first approach with the employees. This approach will help in creating a more accessible workplace.

Embracing Hybrid Culture amid COVID-19 Crisis

Many tech giants have embraced the idea of hybrid working since the wake of COVID-19. Initially, big social media giants like Twitter and Meta Platforms came forward with flexible working policies. Due to the rising cases of COVID-19’s new Omicron variant, the back-to-office dates are further pushed by big corporations including Goldman Sachs and JPMorgan.

Operating remotely

Even with the decision to go primarily remote, due to regulatory and business reasons some of the teams will still need to work from the office or stay at a commutable distance from the office. Also, there will be no change in the compensation structure of its staff.

The VP of equity, inclusion, and belonging at Robinhood, Cynthia Owyoung, states, “Being able to go primarily remote really means that now we can recruit and attract talent from almost anywhere.

The top-3 Stocks to invest in 2022

According to Nasdaq, the Robinhood platform is beaming with opportunities for the investors and among the varied options, the 3 hot Robinhood stocks are, Amazon, AT&T, and Airbnb.

About Robinhood:

This is a popular trading platform established in 2013. The platform gained popularity amidst the soaring cases of COVID-19. The retail investors relied on Robinhood for its seamless user interface and commission-free trades. The aim is to democratize finance for all. They allows you to invest at your own pace and on your own terms.

Related: omicron vs moderna booster

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