Robinhood to cut about 10% of full-time staff in restructuring

Robinhood filed an 8-K on June 16, 2026 for a reduction in force covering about 10% of full-time employees, plus closure of some open roles, as part of a plan to flatten management. The company expects about $28 million in charges, about $20 million cash severance and benefits and about $8 million share-based compensation, recognized in Q2 2026. It cited record June trading volumes across equities, options and prediction markets as the backdrop.

• About 10% of full-time staff; press estimates roughly 290 people from about 2,900 employees
• Charges about $28 million: about $20 million cash, about $8 million share-based
• Expected to be recognized in Q2 2026
• Filed under Item 2.05 (exit or disposal costs)