Broker-dealer Tradu/FXCM is preparing to lay off more than100 employees, Finance Magnates has learned, in what appears to be one of thegroup’s largest headcount reductions in recent years. Multiple sources close to the company indicate thatthe cuts will span several functions and jurisdictions as the broker moves tostreamline operations amid a challenging trading environment. One of the sources was less optimistic, and suggested that the future of the Tradu brand may be under internal review. Tradu Brand Marks FXCM Multi-Asset ShiftFounded in 1999, FXCM (later operating under Stratos MarketsLtd in the UK) has long been a prominent name in the retail FX and CFD sector.The group has faced several restructuring phases over the past decade,including regulatory setbacks and ownership changes, and more recently launchedthe “Tradu” brand as its updated multi-asset offering.Finance Magnates has reached out for comment; as ofpublication, no response has been received. According to the firm's linkedin job posting page, Tradu is currently seeking to fill a front end developer position in Sofia, Bulgaria.Latest Financial Indicators Show a Mixed PictureLatest financial indicators show a mixed picture. Accordingto publicly filed results, FXCM’s UK entity posted a 19% year-on-year declinein client trading volumes to USD 243 billion, while client cash balances fellnearly 30%. Despite weaker activity, turnover improved by more than 100%,though the entity still reported a net loss of roughly USD 2 million. Earlierdisclosures from the broader FXCM group (Q3 2021) also showed sustained losses,underscoring the longer-term profitability pressures facing the business.Cost Controls and Industry ContextAgainst this backdrop, cost controls are becomingincreasingly central. Industry peers have similarly trimmed expenses as clientengagement normalizes from pandemic-era highs and as compliance, technology,and acquisition costs climb. For Tradu/FXCM, the scale of the planned layoffssuggests a structural reshaping tied not only to market conditions but also tothe transition toward its newer branding and product roadmap.This article was written by Yam Yehoshua at www.financemagnates.com.