Robinhood to Cut 10% of Workforce in Restructuring

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

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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.

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

Robinhood to Cut 10% of Workforce in Restructuring

Robinhood to Cut 10% of Workforce in Restructuring