firm

But he is more "pragmatic and firm," says Oliver Stuenkel, an international relations professor at the Getulio Vargas Foundation in Sao Paulo.

"The AI phenomenon is here and influencing how firms think about the labor force," US Fed Vice Chair Philip Jefferson said.

The consulting firm calls this “a striking but easily misunderstood figure.”

Robinhood’s backers say the firm has been unfairly targeted by its critics, becoming a kind of industry punching bag held responsible for individuals’ investment decisions and broader shifts in the market.

Major tech firms including Google, Microsoft, and Amazon have announced workforce reductions over the past two years, with many citing the need to reallocate resources, including jobs, toward AI initiatives.