Robinhood cuts 290 jobs and takes a $28M charge as CEO Vlad Tenev cites record trading volumes. HOOD rises 5%.

The company said it expects restructuring charges of about $20 million.

Robinhood plans to cut 10% of its full-time workforce and close all remaining open roles, marking its fourth round of layoffs since early 2022.

Robinhood cut 10% of its staff and expects $28 million in restructuring charges tied to flattening management layers and an efficiency push.

Robinhood is letting go of 10% of its employees, attempting to streamline operations amid a downturn in crypto-related revenue.

Robinhood is cutting about 10% of staff from roughly 2,900 employees while the company cites record trading volumes in June despite weak Q1 results.

Robinhood's CEO said the company was "flattening" its organizational structure to avoid becoming a "heavily-layered organization."

Robinhood is cutting roughly 10% of its full-time employees, about 290 people, and taking a $28 million restructuring charge in Q2 2026.

Robinhood cuts 290 jobs and takes a $28M charge as CEO Vlad Tenev cites record trading volumes. HOOD rises 5%.

Robinhood Markets is cutting 290 employees, about 10% of its workforce, as crypto transaction revenue drops 47% year-over-year to $134 million in Q1 2026.

Robinhood is cutting hundreds of jobs even as profits rise and new products like prediction markets help bolster growth.

Tentativa de manter corretora enxuta e “maximizar a densidade de talentos” deve eliminar cerca de 290 empregos; diretor-executivo disse que negócio “nunca esteve mais forte”

CEO Vlad Tenev said while the firm is in a strong financial position, it has been a ‘heavily-layered organization'.

Trading platform Robinhood on Tuesday announced that it will be laying off 10% of its workforce, or about 290 employees. | Trending