June 27 (Cointime) - Robinhood Markets, an online brokerage firm, is reportedly laying off around 150 full-time employees, which is 7% of its total workforce, in its third round of layoffs in just over a year. The cuts are being made to adjust to volumes and align team structures, according to an internal company message seen by the Wall Street Journal. Robinhood's spokesperson did not confirm or deny the layoffs, but stated that the company is ensuring operational excellence and teams may make changes based on volume, workload, org design, and more. Last year, Robinhood cut its total headcount by 9% in April and let go of 23% of its remaining staff in August.