Robinhood layoffs, on the record
Every job cut, severance charge and restructuring Robinhood reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 2,200 to approximately 2,900.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 2,200 | December 31, 2023 |
| 10-K for 2024 | approximately 2,300 | December 31, 2024 |
| 10-K for 2025 | approximately 2,900 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryRobinhood announced two restructurings, one in April 2022 and one in August 2022, that affected about 1,100 employees and scaled back hiring plans, prompted by the 2022 economic downturn.
Word for word“As a result of the general downturn in economic conditions and the U.S. equity markets in 2022, we 24 Table of Contents announced two restructurings in April 2022 (the “April 2022 Restructuring”) and August of 2022 (the “August 2022 Restructuring”) that impacted approximately 1,100 employees and scaled back hiring plans.” 10-K for 2023
Our summaryRobinhood recorded restructuring charges for the April 2022 and August 2022 restructurings, including office-closure impairments and cash charges for employee wages, benefits and severance.
Word for word“Restructuring charges for the year ended December 31, 2022 related to both the April 2022 Restructuring and August 2022 Restructuring, consisting of $45 million of impairment and $9 million of accelerated depreciation, in each case relating to office closures, and $51 million of cash charges for employee-related wages, benefits and severance.” 10-K for 2023
Our summaryRobinhood reported severance expenses tied to the April 2022 and August 2022 restructurings within operations costs.
Word for word“For the year ended December 31, 2022, other employee costs included $12 million in severance expenses related to the April 2022 Restructuring and the August 2022 Restructuring.” 10-K for 2023
Our summaryRobinhood recorded separation-related expenses from the April 2022 and August 2022 restructurings in other employee compensation.
Word for word“For the year ended December 31, 2022, other SBC expense included net reductions of $34 million related to the April 2022 Restructuring and August 2022 Restructuring, and other employee compensation expense included a $15 million separation related expenses due to the April 2022 Restructuring and August 2022 Restructuring.” 10-K for 2023
Our summaryAnnounced the April 2022 Restructuring to improve efficiency and operating costs, which involved cutting about 330 employees.
Word for word“On April 26, 2022, we announced the April 2022 Restructuring as part of our efforts to improve efficiency and operating costs, increase our velocity, and ensure that we are responsive to the changing needs of our customers.” 10-K for 2024
Our summaryAnnounced the August 2022 Restructuring, which cut about 780 employees, closed two offices and reorganized the company into a GM structure.
Word for word“On August 2, 2022, we announced the August 2022 Restructuring, which involved approximately 780 employees, representing approximately 23 % of our full-time employees at the time, the planned closure of two offices, and related matters.” 10-K for 2024
Our summaryReported that the company has undertaken multiple restructurings in recent years, including significant workforce reductions, and scaled back hiring plans.
Word for word“For example, we have undertaken multiple restructurings in recent years, including significant workforce reductions, and scaled back hiring plans.” 10-K for 2024
Our summaryThe company says it has undertaken multiple restructurings and, in the past, carried out significant workforce reductions and scaled back hiring plans because of a general economic and market downturn.
Word for word“For example, we 32 Table of Contents have undertaken multiple restructurings, and in the past, have implemented significant workforce reductions and have scaled back hiring plans.” 10-K for 2025
Robinhood filed 4 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Robinhood’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-18. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.