Robinhood's media division, Sherwood, has laid off some employees as part of a strategy to streamline its team structure. This decision aligns with trends in media layoffs, as numerous companies including NBC News and CNN have also made cuts. Despite recent growth including hiring many journalists and acquiring brands like Chartr, Sherwood is now refocusing on timely market news as part of its 2025 strategy. Launched in 2023, Sherwood aims to provide insights on markets, technology, and financial culture, contributing to Robinhood's broader media ambitions.
As we built out our 2025 strategy, we made the decision to streamline team structure.
Sherwood's editorial focus includes markets, tech, and 'the culture of money.'
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