Israeli Fintech Company eToro Preparing for New Round of Layoffs
Israeli fintech company eToro is preparing to lay off dozens of employees in Israel, marking its second workforce reduction in less than a year following its May 2025 Nasdaq IPO.
Israeli fintech firm eToro is preparing for a new round of layoffs that will affect dozens of employees in Israel, marking the company's second workforce reduction in less than a year. The upcoming cuts follow a previous downsizing initiative carried out earlier this year, reflecting ongoing organizational adjustments at the social trading platform.
According to the company's annual report, eToro employed 1,520 workers globally at the close of 2025, including approximately 750 personnel in Israel. The firm currently maintains a workforce of around 700 employees locally, with dozens of positions now targeted in the planned downsizing. The latest move continues a trend of operational streamlining across the financial technology sector.
Background on Growth and Public Offering
Founded in 2007 by Yoni Assia, Ronen Assia, and David Ring, eToro operates a prominent investment platform enabling users to trade stocks, exchange-traded funds, cryptocurrencies, and other financial assets. The company is particularly recognized for its social trading features, which allow investors to track and replicate the activities of peer traders across international markets.
In May 2025, eToro completed a major initial public offering on Nasdaq, achieving a valuation of approximately $4.4 billion and raising a total of roughly $620 million through a primary offering and secondary share sale. Priced at $52 per share, the debut stood as the largest Israeli Wall Street IPO since Mobileye's public offering in 2022, following the cancellation of a previous 2022 SPAC merger attempt valued at $10.4 billion. Representatives for eToro declined to provide a statement regarding the upcoming workforce reductions.
