Robinhood Markets, Inc. announced a fresh round of layoffs that will trim approximately 10% of its full‑time workforce, and the company’s stock gained 1.3% in pre‑market trading.
Scope of the Latest Reductions
The brokerage confirmed that the upcoming cut will affect about 380 employees, representing a ten‑percent reduction across all departments. Management framed the move as a continuation of cost‑control measures after trading revenue failed to meet expectations. The decision follows a series of workforce adjustments that began earlier this year.
Historical Layoff Timeline
Robinhood first eliminated roughly 1,000 U.S. positions on February 3, 2026, then disclosed an additional 300 job losses at its Menlo Park headquarters on March 22. In May, the firm removed about 50 roles from its global operations, and earlier cuts in 2022 and 2023 totaled more than 1,200 positions. The company’s employee headcount surged from approximately 700 to nearly 3,800 between 2020 and 2021 before the recent reductions.
Impact on Share Price and Investor Sentiment
Investors responded positively to the announcement, pushing Robinhood’s share price up by 1.3% before the market opened. The stock’s year‑to‑date decline of over 27% reflects broader concerns about weaker cryptocurrency trading revenue, as digital‑asset activity slowed across the platform. Analysts suggest that the layoffs may help stabilize margins, but they also caution that continued pressure on the crypto market could affect future performance.