Online trading platform Robinhood Markets Inc plans to move a majority of its 3,400 employees to remote work permanently.
Robinhood thinks a ‘remote first’ approach will help create an accessible workplace.
Robinhood said some teams will need to live within a commutable distance to an office location due to regulatory and business reasons.
A small segment will still need to work from the office.
Robinhood expects no change in the compensation structure of its staff.
Founded in 2013, Robinhood’s popularity exploded among retail investors early in the pandemic due to its easy-to-use interface and commission-free trades.
It was also instrumental in fueling last year’s “meme” stock frenzy.