Robinhood Cuts 10% of Workforce, Takes $28M Restructuring Charge

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

Unlike many of his tech industry peers who have cut thousands of jobs citing the need to restructure to make the most of AI, Robinhood's CEO Vlad Tenev conspicuously made no mention of AI in his note about layoffs.

Robinhood cuts about 10% of staff as CEO Vlad Tenev says business “has never been stronger” despite weak Q1 trading.

Robinhood has announced plans to cut about 290 jobs, or roughly 10% of its full-time workforce, while recording approximately $28 million in related charges as the online brokerage moves to simplify its management structure. According to Robinhood, the layoffs are…

Robinhood's hiring freeze and workforce cuts may hinder innovation and growth, challenging its ability to compete in a crowded market. The post Robinhood cuts 10% of workforce and closes remaining open roles appeared first on Crypto Briefing.

Robinhood's workforce cuts highlight the ongoing struggle to stabilize revenue amid declining crypto trading and increased competition. The post Robinhood shares rise 1% premarket after cutting 10% of workforce appeared first on Crypto Briefing.

Robinhood stock has surged more than 7% and briefly crossed the $100 mark after the company opened its AI-powered Agentic Trading platform to all customers. According to an update shared by Robinhood on X, users can now connect artificial intelligence…

Bernstein has projected Robinhood’s prediction market revenue to reach $586 million in 2026, up from $150 million in 2025, as World Cup trading activity has pushed daily market volumes as high as $4.8 billion. According to a Monday client note…