HOOD · Robinhood Markets, Inc.

Robinhood Markets announced a significant workforce reduction on June 16, 2026, affecting approximately 10% of its full-time employees. The company will also close a small number of open roles. The estimated one-time costs include $20 million in cash severance and employee benefits, plus $8 million in share-based compensation, for total restructuring charges of about $28 million. These charges will be accrued in the second quarter of 2026. Management emphasized that this action is taken from a position of business strength, citing record average daily trading volumes across equities, options, and prediction markets for June month-to-date. The reduction aims to maintain a high-performance culture, accelerate product velocity, and keep the company lean and disciplined. The forward-looking statements caution that actual costs may differ, and the company will amend the filing if material changes occur. This restructuring signals a strategic pivot toward efficiency while capitalizing on strong market engagement.