Robinhood cuts about 290 jobs, takes $28 million charge as HOOD shares rise up to 5%

Robinhood Markets cut roughly 290 full-time positions on June 16, 2026, and expects about $28 million in restructuring charges as trading volumes sit at all-time highs. In an SEC filing, the company said the reduction in force affects approximately 10% of its full-time workforce. The company also reported record month-to-date average daily trading volumes in June across equities, options, and prediction markets.