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PayRay Bank lays off 12 employees, cutting 40% of workforce

Published Apr 15, 2026

12
Employees Affected
40.0%
Percentage

PayRay Bank is laying off 12 employees, representing 40% of its 30-person workforce. The departures are expected by June 5, 2026. The Lithuania-based bank said the reductions are tied to redundant functions and continued restructuring after earlier workforce cuts amid reduced business volumes.

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