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7 Growth Stocks Hit by Layoffs

Netflix Inc.

Streaming giant Netflix laid off 150 employees in May, which represented less than 1.4% of its workforce of roughly 11,000 employees. 

Peloton Interactive Inc.

Fitness equipment manufacturer Peloton laid off more than 2,800 employees worldwide in February, representing about 20% of its corporate workforce.

Robinhood Markets Inc.

Robinhood soared to prominence in 2020 during the pandemic on the back of its commission-free trading and intuitive, attractive brokerage user interface.

Zillow Group Inc.

Real estate and mortgage company Zillow started 2022 out with a planned mass layoff of about 2,000 workers, or roughly 25% of its workforce.

Carvana Co.

Online car retailer Carvana laid off 2,500 workers in May, most of whom worked in the company's operations division.

Latch Inc.

Enterprise security technology company Latch laid off a total of 130 staff members in late May, or roughly 28% of its full-time employee roster.

PayPal Holdings Inc.

The cuts primarily affected the company's head office workforce in San Jose, California, and mostly consisted of engineers, managers and directors.

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