https://www.live-feeds.com/feed/robinhood-layoffs-will-cut-10-as-part-of-an-org-chart-flattening-read-the-ceo-s-memoContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/robinhood-layoffs-will-cut-10-as-part-of-an-org-chart-flattening-read-the-ceo-s-memohttps://www.live-feeds.com/feed/robinhood-layoffs-will-cut-10-as-part-of-an-org-chart-flattening-read-the-ceo-s-memo#u2257Wed, 17 Jun 2026 12:11:11 +0000Robinhood announced it will eliminate about 290 full-time roles as part of a restructuring to reduce management layers. CEO Vlad Tenev framed the move as proactive, citing a need for a leaner organization despite record trading volumes. The company expects $20–$28 million in restructuring charges. Sources confirm no direct blame for layoffs on AI, though internal critiques suggest broader operational concerns.What's confirmed:Robinhood will cut approximately 10% of its full-time workforce, eliminating about 290 roles.The layoffs are part of a push to 'flatten' management layers and r