AmEx to hire 1,500 tech staff by year-end even as recession looms [Financial Post (Toronto, Ontario, Canada)]
Robinhood Markets, Inc. - Class A (HOOD)
Company Research
Source: Financial Post
Advertisement The new hires would fill up roles such as data scientist, software engineer and others by the end of the year. The company has already brought in around 3,600 tech employees this year, a spokesperson for the credit card giant said in an emailed statement. New York-based AmEx bumped up its annual revenue forecast in July, boosted by a surge in spending on travel and entertainment. Moderate inflation tends to benefit credit card companies, which charge a percentage on the dollar value of transactions as fees. Fears of a recession have led other financial companies to cut expenses and trim headcount. Goldman Sachs Group Inc is expected to cut jobs starting as early as this month, according to a source familiar with the plans. Financial technology firms like Robinhood Markets Inc and mortgage lenders including loanDepot Inc have also slashed headcount this year. The plans were first reported by Bloomberg News, citing an interview with AmEx's Chief Information Offi
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HOOD
Earnings
- 2/13/24 - Beat
HOOD
Sec Filings
- 3/25/24 - Form 4
- 3/25/24 - Form 3
- 3/22/24 - Form 4
- HOOD's page on the SEC website