Robinhood Shares Rise as Firm Cuts 10% of Workforce Again

TLDR Robinhood shares rose 1.3% in premarket trading after the company announced a 10% workforce reduction. The latest cuts follow earlier layoffs in February, March, and May 2026. Robinhood reduced about 1,000 U.S. jobs in February and 300 positions in Menlo Park in March. The company reported lower cryptocurrency trading revenue in its Q1 2026 [...]

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