Robinhood Cuts About 10% of Its Staff
CONFIRMED83% CONFIDENCERobinhood's Form 8-K, Item 2.05, says "On June 16, 2026, Robinhood Markets, Inc. ... announced a reduction in force" involving "approximately 10% of the Company's full-time employees".[1]
Robinhood cut about 10% of its full-time employees, roughly 290 people, to flatten management layers, booking about $28 million in charges.
$28M
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