Robinhood is laying off 10% of its workers, as part of the trading app’s plans to flatten organisational structure and boost efficiency.
CEO Vlad Tenev shared the news on social media platform X, noting the decision was made “proactively”.
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The decision will impact around 290 workers.
Despite the workforce reduction, Tenev assured that “Robinhood’s business has never been stronger. But to achieve the massive scale of our mission, we cannot default to operating as a heavily-layered organisation.”
The company had an estimated 2,900 workers at the close of 2025.
Tenev described the retrenchment exercise as a “difficult decision”, explaining it intends to “maximise” talent density.
He emphasised the need for a “lean, hyper-focused team where every single individual is empowered to make a massive impact”.
According to the CEO, the flatter corporate hierarchy will generate broader opportunities for high-performing workers to accept elevated responsibilities.
Affected employees are receiving notifications and will be offered transitional support, including severance benefits, he said.
The decision comes at a time when the fintech firm maintains a self-described “strong” financial position.
During its first quarter, Robinhood reported a 15% year-over-year surge in net revenue to $1.07bn. Net income reached $346m, up 3% from the prior year, while adjusted EBITDA improved 14% to $534m.
Going forward, the company intends to proceed with hire “top-tier” talent and rely on frontier technologies.
Notably, in March of last year, the company launched a range of wealth management features including Robinhood Strategies, Robinhood Banking, and Robinhood Cortex.
Later in 2025, the business made its AI-driven product, Digests by Robinhood Cortex, available to all users in the UK, delivering plain-language insights regarding stock price fluctuations.
The operational cutback places Robinhood alongside other major corporate entities executing headcount adjustments.
This February, digital payments provider Block, co-founded by Jack Dorsey, revealed plans to shrink its overall workforce by 40%. Block is lowering its headcount from above 10,000 workers to just under 6,000 as it leans on AI.
