Broker Layoffs Spread: Another Firm Reduces Workforce

Australian CFD broker FP Markets has reduced its global workforce by less than 7% , becoming the latest retail brokerage to announce job cuts.

Christina Koro, the firm’s Group Head of HR & People Culture, confirmed the move to Finance Magnates, describing it as part of a broader organisational review. “Some roles change in nature or are consolidated,” she said, adding that FP Markets continues to hire in strategic areas and expand into new markets.

As of mid-2025, the broker employed over 300 staff globally, including more than 100 in Cyprus.

The restructuring follows recent turbulence. In March 2026, CTO Alexander Strelnikov stepped down. Earlier this year, FP Markets settled a €100,000 fine with CySEC over potential CFD compliance breaches.

Wider trend

FP Markets is not alone. IronFX recently laid off 10% of its 1,500-strong workforce, citing efficiency gains from AI. eToro has cut roughly 10% of staff this year, while FXCM shed over 100 roles last year. Both pointed to Generative AI as a driver.

Whether AI played any role in FP Markets’ decision remains unclear. But the industry’s direction is hard to miss.