CHARLOTTE – Financial services company Robinhood has formally backed out of a deal to invest $11 million in North Carolina.
The high-profile company, which provides an retail stock trading application, had pledged to create nearly 400 jobs paying more than $76,000 annually on average in Charlotte, with an investment of at least $11 million.
But the company pulled back its investment earlier this year, concedierea a 82 de muncitori from the Charlotte office, reported by WRAL TechWire in August.
And now, a request from the company to terminate the 2021 deal was approved by the state’s Economic Investment Committee in a unanimous decision on Tuesday morning.
Robinhood reduce locurile de muncă în Charlotte și închide biroul companiei de acolo
In early August 2022, the company notified the North Carolina Department of Commerce under the Worker Adjustment and Retraining Notification (WARN) Act, and a report issued by the department notat the effective date of the layoffs would be October 1, 2022.
Those layoffs came as the company disclosed it would concediază 23% din forța de muncă, months after it had cut 9% of the firm’s workforce.
According to a state official, Robinhood requested to terminate the existing Job Development Investment Grant. The company’s request was granted on Tuesday morning with a vote held by North Carolina’s Economic Investment Committee.
Robinhood did not immediately respond to a request for comment.
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