Both companies are framing the cuts as 'trimming' and 'maintaining discipline', not a cull. It's about being leaner and more efficient for the future. For Robinhood, this is a testing point to see if future cuts will follow.
For BlackRock, the 1% cut is a very small percentage but is becoming a trend. For Robinhood, the 10% cut is more significant and is about setting the stage for a leaner company.
