Robinhood Cuts 10% Of Workforce—Citing ‘Heavily-Layered’ Operations

BreakingBusinessRobinhood Cuts 10% Of Workforce—Citing ‘Heavily-Layered’ OperationsByTy Roush,Forbes Staff. Ty Roush is a breaking news reporter based in New York City.Follow AuthorJun 16, 2026, 08:49am EDTToplineRobinhood on Tuesday announced it would cut 10% of its full-time workforce, citing efforts to make the trading platform “lean and disciplined,” as more companies have reduced headcount in recent months amid a broader integration of AI.The company said it expects restructuring charges of about $20 million. SOPA Images/LightRocket via Getty ImagesKey FactsRobinhood, in a disclosure to the Securities and Exchange Commission, announced it would reduce its full-time workforce by 10%, or about 290 employees, “as part of its efforts to maintain a high-performance culture, further accelerate product velocity and remain lean and disciplined.”Robinhood said it expected to incur restructuring costs of about $20 million for employee severance and benefit costs, in addition to roughly $8 million in share-based compensation expenses.Shares of Robinhood rose slightly (0.9%) in premarket trading following the announcement.This is a developing story.Got a tip? Share confidential information with Forbes.Editorial StandardsReprints & PermissionsLOADING VIDEO PLAYER...FORBES’ FEATURED Video