---
schema_version: "secwatch.filing_event.v1"
accession: "0001783879-26-000071"
form_type: "8-K"
ticker: "HOOD"
cik: "0001783879"
company_name: "Robinhood Markets, Inc."
filed_at: "2026-06-16T10:00:44+00:00"
generated_at: "2026-06-16T10:05:36.683953+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Robinhood cuts ~10% of workforce; expects $20M severance & $8M SBC charges

## Summary
- Workforce reduction involves approximately 10% of full-time employees and closure of open roles.
- Estimated charges: $20M cash for severance/benefits; $8M for share-based compensation in Q2 2026.
- Company cites position of strength with record June month-to-date average daily trading volumes across equities, options, and prediction markets.
- Actions aimed at maintaining high performance culture, accelerating product velocity, and remaining lean.
- Accrual to be recognized in Q2 2026; additional material changes will be disclosed via amendment.

## SEC filing metadata
- accession: 0001783879-26-000071
- form_type: 8-K
- ticker: HOOD
- cik: 0001783879
- company_name: Robinhood Markets, Inc.
- filed_at: 2026-06-16T10:00:44+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1783879/000178387926000071/0001783879-26-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1783879/000178387926000071/hood-20260616.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001783879-26-000071
- JSON: https://secwatch.observer/filing/0001783879-26-000071.json
- Plain text: https://secwatch.observer/filing/0001783879-26-000071.txt

## Key facts
- Restructurings & Charges
  Robinhood Markets, Inc. announced a restructuring with charges of approximately $20 million related to employee severance and benefits costs as well as approximately $8 million related to share-based compensation (approximately 10% of the Company's full-time employees).
  - Type: restructuring
  - Charge: approximately $20 million related to employee severance and benefits costs as well as approximately $8 million related to share-based compensation
  - Headcount: approximately 10% of the Company's full-time employees
  source text: The Company estimates that it will incur cash restructuring and related charges comprising approximately $20 million related to employee severance and benefits costs as well as approximately $8 million related to share-based compensation.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1783879/000178387926000071/0001783879-26-000071-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.