Exclusive: XTrade Lays Off a Few Dozen Employees in its Israeli Office

[kreslik.news]

Multi-regulated FX and CFDs retail online brokerage XTrade recently let go of about sixty employees from its Israeli call center operated by IDI Ventures, Finance Magnates has learned.

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It appears that the likely reason for the move is the international and local pressure put on Israeli call centers to stop marketing abroad. The majority of the cuts have been made from the European conversion and marketing departments (English, Spanish, Italian, French, Hungarian and Polish language desks).

The company recently opened a new office in Macedonia, which could ... (read more)