Robinhood (HOOD.O) will cut about 10% of its workforce, roughly 300 roles, and
close a small number of unfilled internal positions, the company said in a
regulatory filing on Tuesday. The reduction follows recent layoffs across
fintech peers including Block, Crypto.com, Coinbase and PayPal. While some firms
have cited AI as a driver for cuts, Robinhood said the move is intended to
sustain a high-performance culture, accelerate product development and keep the
company disciplined and lean. As of year-end the firm had 2,958 full-time
employees, over 2,600 based in North America. Robinhood said it will record
about $20m of restructuring charges this quarter, mainly severity and benefit
costs, and roughly $8m of related stock-based compensation expense.
