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

2026-06-19 00:50:12

Abstract generation in progress

Robinhood is cutting roughly 10% of full-time employees and expects about $28 million in restructuring charges. The company expects to recognize the charges in the second quarter of 2026. Robinhood has not publicly identified which teams are most affected.

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