Wednesday, 17 June, 2026
"We are Strong, You are Fired": Robinhood Axing 10% of Staff
By TechShots Studio
Robinhood is cutting roughly 290 roles, slashing 10% of its full-time workforce to flatten organizational layers. In a bizarre corporate spin, CEO Vlad Tenev informed employees via a memo that the layoffs are a proactive move happening specifically because the company's financial position "has never been stronger." Tenev stated the reductions aim to maximize "talent density" and enforce an elite performance culture.
Read full story at TIMES OF INDIA