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Robinhood announces 10% layoffs, expecting approximately $28 million in restructuring costs

金色财经_
On June 16, Robinhood (HOOD) announced on Tuesday that it will lay off approximately 10% of its full-time employees and simultaneously close a small number of open positions in the recruitment process. The company expects this layoffs to incur about $20 million in employee severance and benefits costs, along with approximately $8 million in equity compensation expenses, totaling about $28 million in restructuring costs, which will be recognized in the second quarter of 2026. After the announcement, Robinhood's stock price increased by 1.3% before the market opened.
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