Capitolis

Fintech firm Capitolis is laying off 25% of its workforce due to depressed market conditions that have stifled growth in its recently launched capital marketplace unit, which connects institutional investors with banks. The layoffs, announced in November 2022, include senior figures such as co-head of equity finance James Kibbe and other leaders in the capital marketplace business. The cuts reflect broader challenges in the financial technology sector as market volatility impacts new ventures.

Capitolis, an Israeli fintech company, laid off 37 employees in November 2022, representing approximately a quarter of its workforce. Among those affected, 14 were based in Israel. This move was part of a broader wave of layoffs within the high-tech sector, reflecting industry-wide adjustments and economic pressures at the time.