Robinhood is laying off 10% of its workers, as part of the trading app’s plans to flatten organisation structure and boost efficiency.
CEO Vlad Tenev shared the news on social media platform X, noting the decision was made “proactively”
The decision will impact around 290 workers. Despite the workforce reduction, Tenev assured that “Robinhood’s business has never been stronger. But to achieve the massive scale of our mission, we cannot default to operating as a heavily-layered organisation.” The company had an estimated 2,900 workers at the close of 2025.
Tenev described the retrenchment exercise as a “difficult decision”, explaining it intends to “maximise” talent density. He emphasised the need for a “lean, hyper-focused team where every single individual is empowered to make a massive impact”. According to the CEO, the flatter corporate hierarchy will generate broader opportunities for high-performing workers to accept elevated responsibilities.