Payoneer

Israeli fintech company Payoneer is laying off approximately 6% of its global workforce, equating to about 60 employees, as part of a restructuring effort to improve profitability. The cuts, announced in December 2025, affect around 30 staff in Israel from its 1,000-person team there, with a similar number impacted internationally. This move comes amid slowing growth and sharp declines in net profit, despite the company being on track to surpass $1 billion in annual revenue. Facing a 43% stock drop this year and a $2 billion valuation, Payoneer is restructuring its product and technology teams to become more focused and efficient, joining other public Israeli tech firms in implementing year-end workforce reductions.

Payoneer, an Israeli fintech company with a market cap of around $1.7 billion, is laying off 200 employees, constituting approximately 10% of its total workforce of about 2,000. The layoffs, announced in late June 2023, are part of a strategic shift towards profitable growth amid a challenging macroeconomic climate and lower-than-expected transaction volumes on its platform. The cuts, primarily affecting marketing and service departments, follow the appointment of a new CEO four months prior. Payoneer, which provides cross-border payment solutions for small and medium-sized businesses, went public via a SPAC merger in 2021.