BUZZ-Robinhood plans to cut 10% workforce; shares fall

Robinhood

Robinhood

HOOD

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Updates

** Shares of retail trading platform Robinhood HOOD.O fall 1.7% to $96.44

** HOOD says it will cut about 10% of its full-time workforce and close remaining open roles

** Expects to incur restructuring charges of about $20 million related to severance and benefits and $8 million in share-based compensation

** Charges to be recognized in Q2 of 2026

** Up to last close, stock down 13.2% YTD


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