BUZZ-Robinhood rises after announcing plans to cut 10% workforce

Robinhood

Robinhood

HOOD

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** Shares of retail trading platform Robinhood HOOD.O rise 3.4% to $101.5 premarket

** 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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