eToro Reportedly Preparing to Cut Dozens More Jobs

Israeli trading-platform company eToro is reportedly preparing to cut dozens of jobs in the coming weeks, including positions in Israel. The company employs about 700 people in Israel. The reported plan follows a January 2026 reduction of approximately 105 positions, equivalent to 7% of eToro’s global workforce at the time. More than half of those affected by the January cuts were in Israel. Yoni Assia is the company’s co-founder and chief executive. In its November 10 results release, eToro reported net contribution of $186 million for the quarter ended September 30, down 13% from $215 million a year earlier. It attributed that decline primarily to lower cryptocurrency trading activity. GAAP net income fell 74% to $15 million from $57 million. Chief Financial Officer Meron Shani said: “Capital markets net contribution increased 21% year over year, while crypto activity sequentially recovered.” The company’s funded accounts rose 18% year over year to 4.39 million, while assets under administration were unchanged at $20.8 billion. Its board also authorized a share-repurchase program of up to $250 million. The timing and amount of repurchases are subject to market conditions, liquidity, legal requirements and business considerations.