Robinhood Layoffs: Financial services firm Robinhood is laying off approximately 290 employees, about 10% of its workforce, as part of a restructuring to become leaner and more efficient. CEO Vlad Tenev emphasized the move is proactive, driven by a desire to increase "talent density" and empower employees for greater impact, not financial distress. The company expects $28 million in restructuring charges.

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.