Robinhood to cut 10% of its workforce, with estimated severance costs of approximately $28 million
Source：
www.reuters.com
According to Reuters, U.S. online trading platform Robinhood announced it will cut approximately 10% of its full-time workforce and close the remaining few open positions. The company expects this restructuring to incur approximately $20 million in related costs, primarily for employee severance and benefits, plus an additional $8 million in stock-based compensation expenses. These expenses are expected to be recognized in the second quarter.
