# Robinhood Cuts 290 Jobs Amid Growth Claims

Page: https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/robinhood-cuts-290-jobs-amid-growth-claims
Text version: https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/robinhood-cuts-290-jobs-amid-growth-claims.md
Podcast: [Crypto News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376)
Published: 2026-06-16T12:32:52+00:00
Episode link: https://api.fastcast.ai/audio/8048cf3d-bb07-4d67-a584-dc2c77bfcb5a.mp3
Audio file: https://api.fastcast.ai/audio/8048cf3d-bb07-4d67-a584-dc2c77bfcb5a.mp3
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Duration seconds: 95

## Resource

Robinhood just cut 290 jobs — about 10% of its staff — claiming it’s all about efficiency and flattening their structure to scale faster. While this isn’t entirely unexpected, given similar moves by Coinbase and Block, the company insists its core business is “never been stronger,” citing record trading volumes in June — even as Q1 results missed expectations and crypto trading dipped. CEO Vlad Tenev frames the layoffs as proactive, not reactive, with plans to hire selectively and invest in “frontier technologies” to sharpen performance and execution. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/b3899c9445848b28

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