Shares of Israel based online broker eToro Group Ltd (NASDAQ:ETOR) hit a new all-time low on Tuesday, as reports emerged that the company is planning to lay off about 7% of its 1,500 person workforce, or more than 100 employees.

eToro layoffs

Israel news website Calcalist has reported that eToro informed its employee base today about the layoffs, which will be implemented globally, although more than half of the departures will come from the company’s headquarters in Israel.

Calcalist quoted an eToro spokesperson who said (translated from the original Hebrew),

“As part of eToro’s maturation process, it is important for us to ensure that our organizational structure aligns with the needs of the business and supports our long-term growth strategy. Therefore, we have made the decision to reduce our global workforce by approximately 7%.

“This is not an easy decision, and we are committed to doing everything we can to support the employees affected by the move. Sometimes it is more difficult to make such changes when the company is in good shape, but this is also the time when they are most needed. The steps we are taking, from a position of strength, will allow us to focus on the technologies and opportunities that will shape our future.”

eToro share price

eToro shares responded today by continuing what has been a fairly steady decline since mid last year, hitting an all-time low of $31.30 mid-day. eToro went public last May in an IPO on NASDAQ at $52 a share. The shares hit a high of $79.96 in June, before beginning their slide to the low $30’s in 2026, now down about 39% from the IPO price.

eToro is likely to report its Q4 and full year 2025 results in the coming weeks. In its most recent quarterly report (Q3 2025), eToro revenues were up from Q2 levels, but still below what the company achieved in previous quarters before going public.

eToro share price chart, IPO (May 2025) to present. Source: Google Finance.