Robinhood, the US-based stock trading platform, announced it will reduce its workforce by 10%. The cuts are part of a company-wide restructuring aimed at streamlining operations. This decision impacts approximately 780 employees across various departments. Robinhood cited a need to simplify its organizational structure and improve efficiency. The company experienced significant growth during the pandemic-era trading boom, but has faced challenges as trading volumes have normalized. This move follows similar workforce reductions at other technology companies in recent months, reflecting broader economic uncertainty. Robinhood maintains it is positioning itself for long-term sustainable growth.