Fintech company Nayax, which specializes in payment solutions for vending machines, has announced a reduction in its workforce. This marks the second round of layoffs for the company in the past ten months. The company cited ongoing management processes as the reason for the adjustment.
What happened
Nayax is implementing workforce adjustments as part of its ongoing management processes. The company stated that these adjustments are a natural step for a growing company that continues to invest and develop.
How many employees affected
The layoff impacts 32 employees, representing 3% of Nayax's total workforce of 1,200. Twenty of the affected employees are based in Israel.
Why layoffs happened
Nayax attributes the layoffs to ongoing management processes, stating that the company is making adjustments to its workforce structure in line with market developments and customer needs. The company previously cited inefficiencies and a need for cost discipline as reasons for earlier layoffs.
Company background
Nayax develops payment and settlement solutions for vending machines across various sectors. It is traded on both the Tel Aviv Stock Exchange and Nasdaq. The company reported revenues of $400 million for 2025, with a net profit of $35.5 million. Nayax anticipates revenues between $510 million and $520 million for 2026.
Industry impact
Nayax's announcement reflects ongoing adjustments within the fintech sector. Despite strong business performance and rising stock value, the company is taking measures to optimize its workforce.
What's next
Nayax will continue to invest, grow, and develop, hiring for new roles while also adjusting positions and workforce size. The company expects revenues to exceed half a billion dollars in 2026.