Robinhood’s note on 10% layoffs shows blaming AI isn’t cutting it

June 16, 2026 Ram Iyer

Unlike many of his tech industry peers who have cut thousands of jobs citing the need to restructure to make the most of AI, Robinhood's CEO Vlad Tenev conspicuously made no mention of AI in his note about layoffs.

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Plaud says its software business topped $100M in ARR after shipping over 2M AI notetakers
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