Robinhood’s Bold Move: Why 300 Jobs Are Being Cut Amid Record Trading Volumes

Menlo Park, Wednesday, 17 June 2026.
Robinhood slashes 10% of its workforce despite reporting record trading volumes, aiming to flatten management and boost efficiency. The cuts, costing $28M, could save $120M annually—yet Wall Street sees potential upside, with price targets suggesting over 50% growth. Is this a strategic pivot or a sign of deeper challenges?