Robinhood Markets, Inc. announced a workforce reduction involving approximately 10% of its full-time employees and the closure of several open roles. The company expects to incur approximately $20 million in cash restructuring charges for severance and benefits, plus $8 million in share-based compensation charges, all to be recognized in the second quarter of 2026. Robinhood is a financial services company that provides a mobile trading platform for equities, options, and prediction markets.
