Robinhood cuts hundreds of jobs, CEO Vlad Tenev sends layoff memo to employees

Robinhood is cutting 290 full-time roles, representing 10% of its workforce, as part of a restructuring to flatten organizational layers and operate more efficiently. CEO Vlad Tenev stated the move is proactive, driven by ambition to remain lean and hyper-focused, not financial weakness. The company aims to maximize talent density and ensure elite performance.