The first major layoff in three years is already sparking price-target hikes.

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

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

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…

Robinhood (HOOD) stock surges 12% following a $110 analyst price target lift and a strategic 10% workforce reduction plan.

The first major layoff in three years is already sparking price-target hikes.