Robinhood Cuts 290 Jobs at Record Volume, HOOD Shares Jump 5%

Robinhood Markets cut roughly 290 full-time positions on June 16, 2026, absorbing an estimated $28 million in restructuring charges while the company’s trading volumes sit at all-time highs. A Lean Team at Peak Volume The company filed a Form 8-K with the SEC disclosing a reduction in force affecting approximately 10% of its full-time workforce. […]