Robinhood Reduces Workforce 10% While Pledging to Keep Hiring

Robinhood (HOOD) is cutting about 290 jobs, roughly 10% of its full-time workforce, as CEO Vlad Tenev flattens the organization structure and pushes for higher talent density. The trading platform framed the reduction as a proactive move from strength, citing record June trading volumes across equities, options, and prediction markets. Why Robinhood Is Cutting Staff