Robinhood cuts 10% of staff despite record trading volumes
Summary
Robinhood is cutting 10% of its workforce, eliminating about 290 jobs and closing a small number of open roles. The company says the move is proactive and intended to create a leaner, flatter organization even as it reports record trading volumes and strong business momentum. The announcement comes alongside Robinhood’s push deeper into advisor services through its RIA referral program, TradePMR custody relationships, and AI tools for advisors. The company also continues expanding retail-facing AI automation, including agents for trading and credit card purchases.
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
Fintech Software
Trading Platform Software
Developer Tools
Linked Companies
Robinhood Markets, Inc.
$1M to $5M