eToro

Fintech company eToro is laying off about 105 employees, representing 7% of its global workforce of approximately 1,500. The decision, announced in January 2026, comes less than a year after the company's Wall Street debut, where it is currently valued around $2.6 billion. More than half of the affected positions are based in Israel. eToro's leadership stated the layoffs are part of a maturation process to align the organizational structure with business needs and long-term growth strategy, emphasizing the move was made from a position of strength to focus on future technologies and opportunities.

In July 2022, Israeli social trading and investment platform eToro laid off 100 employees, representing approximately 6% of its total workforce, with half of the cuts occurring in Israel. The layoffs coincided with the company's official termination of its planned SPAC merger, a deal initially valued at $10.3 billion that had stalled due to regulatory hurdles and a downturn in tech valuations. Citing challenging market conditions, eToro pivoted to seek private funding, entering advanced negotiations for a round of $800 million to $1 billion at a reduced $5 billion valuation. The fintech company's growth had been closely tied to cryptocurrencies, a sector facing increased regulatory scrutiny at the time.