FP Markets Cuts Less Than 7% of Staff as Brokerage Layoffs Spread

Australian CFD broker FP Markets has reduced its global workforce by less than 7%, joining a growing list of retail brokers implementing job cuts.

The company’s Group Head of HR & People Culture, Christina Koro, confirmed the move, stating it forms part of a broader organisational review. She noted that some roles have been restructured or consolidated, while the firm continues hiring in key areas and expanding into new markets.

As of mid-2025, FP Markets employed more than 300 staff worldwide, including over 100 based in Cyprus.

The restructuring comes amid recent changes within the company. In March 2026, Chief Technology Officer Alexander Strelnikov stepped down. Earlier this year, the broker also agreed to a €100,000 settlement with Cyprus Securities and Exchange Commission over potential CFD compliance issues.

Across the industry, similar trends are emerging. IronFX recently cut 10% of its workforce, citing efficiency gains driven by artificial intelligence. eToro has also reduced around 10% of staff this year, while FXCM eliminated over 100 roles last year.

Although it remains unclear whether AI influenced FP Markets’ decision, the broader shift toward automation and operational efficiency is becoming increasingly evident across the brokerage sector.