Is Robinhood's Leadership Out of Touch? Latest Cuts Raise Questions

Another round of layoffs at Robinhood, this time 63 people. It's becoming a pattern. The official line is always about 'strategic realignment' or 'market conditions,' but it's hard to reconcile that with the constant news of cuts. What's really going on behind the scenes? Are they mismanaging resources, or is the core business struggling more than they let on? The Menlo Park location seems to be a recurring target. Feels like leadership is making short-sighted decisions that are impacting morale and productivity across the board. Anyone have any intel on the actual strategy or reasoning behind these repeated cuts?