eToro is preparing to lay off dozens of employees in Israel, Globes has learned. The company employs about 1,500 people worldwide, and the current move means layoffs of about 100 employees.
In January this year, the company laid off about 7% of its staff. eToro operates a platform for trading and investing in securities and digital assets.
The company is facing lower profitability and a significant decline in its share price since its listing.
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Calcalist
The company is facing lower profitability and a significant decline in its share price since its listing.
TheMarker
The current layoff rate of about 7% applies to all of the company's employees worldwide, and amounts to about 100 employees.
