Nayax cuts 3% of workforce in second round of layoffs in 10 months
The fintech company will lay off 32 employees, including 20 in Israel, as part of ongoing efficiency measures, despite reporting strong revenue growth, a return to profitability in 2025, and expectations to surpass $500 million in revenue this year.
Fintech company Nayax is laying off 3% of its workforce, amounting to 32 employees, 20 of whom are based in Israel, out of a total of 1,200 employees.
Nayax, which develops payment and settlement solutions for vending machines across various sectors, is traded on the Tel Aviv Stock Exchange and on Nasdaq, with a market value of approximately NIS 7 billion (approximately $2.3B). Since the beginning of the year, its stock has risen by 11%, supported by strong business performance.
The company ended 2025 with revenues of $400 million, reflecting growth of 24%. Net profit reached $35.5 million, compared with a loss in 2024. For 2026, Nayax expects revenues to exceed half a billion dollars for the first time, reaching between $510 million and $520 million.
This is the company’s second round of layoffs within a year. In July, Nayax laid off 70 employees, including 55 in Israel. At the time, the move was attributed to the identification of inefficiencies and an effort to promote a culture of cost discipline.
In response to the latest cuts, the company said: “As a global company, we are making adjustments to our workforce structure as part of ongoing management processes. This is a natural step for a company that continues to invest, grow, and develop, and includes hiring for new roles alongside adjustments to positions and workforce size in line with market developments and customer needs.”
