According to TechCrunch, Robinhood announced a 10% workforce reduction but CEO Vlad Tenev notably avoided the tech industry's favorite recent excuse. While many companies have attributed layoffs to the need for AI restructuring, Tenev's memo made no mention of artificial intelligence. The omission raises questions: either the AI rationale is losing its rhetorical power, or Robinhood's cuts stem from entirely different pressures.

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