Robinhood Announces Layoffs Amid Record Trading Volumes

Robinhood Markets (NASDAQ: HOOD) announced layoffs affecting approximately 10% of its workforce as part of a strategy to streamline operations and improve efficiency. Despite the cuts, Robinhood reported record trading volumes in equities, options, and prediction markets for June month-to-date.

By Pooja Rajkumari Tue, June 16, 2026 at 10:00 PM GMT+3 2 min read · Yahoo Finance · June 16, 2026, 19:00 UTC

Robinhood Announces Layoffs Amid Record Trading Volumes

Tickers: $HOOD

Topics: layoffs NASDAQ: HOOD Robinhood stock price decline

Read the full article at Yahoo Finance

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