Robinhood to Cut 10% of Full-Time Staff and Freeze Remaining Open Roles
2026-06-16 10:53:48
Robinhood will lay off 10% of its full-time employees and stop hiring for the remaining open positions on its trading platform. According to Foresight News, the move is expected to result in about $20 million in restructuring charges related to employee severance and benefit costs, along with about $8 million in stock-based compensation expenses.
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