Robinhood Lays 10%, Expected to Generate $28 Million in Restructuring Costs

Robinhood announced on Tuesday that it will lay off about 10% of its full-time employees and close the recruitment process for a small number of vacant positions. It is expected to incur approximately $20 million in employee severance and benefits expenses and approximately $8 million in equity compensation expenses, totaling $28 million in restructuring costs, which will be confirmed in the second quarter of 2026. Robinhood's pre-market stock price rose by 1.3%.