【Robinhood lays off 10%, expects $28 million in restructuring costs】



Robinhood announced on Tuesday that it will cut approximately 10% of its full-time employees and close a small number of open positions in the recruitment process, expecting approximately $20 million in employee severance and benefits costs and about $8 million in equity compensation expenses. The total restructuring cost of $28 million will be recognized in the second quarter of 2026. Robinhood's stock price rose 1.3% in pre-market trading.
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