#Earnings

Robinhood's 290 staffing cuts to its 'lean, hyper-focused' trading machine lifts stock, but leaves unanswered whether its RIA custody unit will take a headcount hit or face a platf

The Menlo Park, Calif., brokerage is down to about 2,600 people after CEO says the cull was needed to fight back against hierarchical 'layers' that could impede the 'absolute elite performance bar.'