Robinhood is cutting 10% of its jobs to keep a ‘high performance culture’

Robinhood’s stock, already riding a four-session winning streak, looked to continue its climb.

By Tomi Kilgore

Robinhood layoffs will cut 10% as part of an org chart 'flattening.' Read the CEO's memo.

Robinhood is cutting 10% of its staff amid an organizational "flattening." Taylor Hill/FilmMagic Robinhood said it's laying off 10% of its staff on Tuesday. CEO Vlad Tenev said Robinhood's business "has never been stronger," but it needed an org chart "flattening." The trading app said it will keep hiring strategically despite the cuts. Read the full memo below. Robinhood, the stock-trading app that became synonymous with the pandemic-era's retail-investing boom, is cutting 10% of its workf...

Robinhood to let go 10% of staff as it seeks to become leaner

Robinhood to cut headcount by ~10% to maintain high performance