How many employees work at MagNet?
MagNet (California) has approximately 1,188 total employees worldwide as of March 2026, according to Revelio Labs workforce intelligence data. MagNet’s total headcount has declined 9.0% from 1,306 employees in 2023 to 1,188 in 2026.
Is MagNet hiring right now?
Yes, MagNet is actively hiring. MagNet had 17 active job postings in 2026, a 45.5% decline from 2025 — see job openings & hiring trends.
About MagNet’s Workforce
MagNet (California) is a Financial Services company that employs 1,188 people worldwide as of March 2026. It is the 8th-largest by headcount among its peers. Founded in 2020, the company is headquartered in Los Angeles, California.
MagNet's workforce has declined 9.0% from 2023 to 2026, down 0.1% year over year in 2026. It fell to a low of 1,188 in 2026 Q1 before recovering. Its workforce is concentrated most in Northern Europe (93.2%), followed by East Asia (2.9%) and Sub-Saharan Africa (1.5%).
MagNet's functional groups are Sales and Marketing (43.7%), Engineering (32.8%), and Finance and Operations (23.5%). The average salary is $53,985, ranging from a median of $85,000 in North America to $13,000 in Sub-Saharan Africa, up 4.2% year over year in 2026.
MagNet's active job postings fell 45.5% in 2026 to 17, with new postings per month cooling from 131 in 2023 to 12 in 2026.
Sourced from Revelio Labs workforce data.
- Headquarters
- Los Angeles, California
- Founded
- 2020
- Industry
- Financial Services
- Employees
- 1,188
- YoY
- -0.1% (-79)
As of March 2026
MagNet workforce metrics
Unlock hiring rate, attrition rate, and 12 additional workforce metrics for MagNet. Compare to peers, export the dataset, and access the full quarterly history.
Unlock MetricsMagNet Annual Employee Count (2023-2026)
- MagNet had 1,188 employees in 2026, a 0.1% decline (-79) from 2025.
- MagNet had 1,222 employees in 2025, a 0.8% decline (-66) from 2024.
- MagNet had 1,288 employees in 2024, a 0.7% decline (-25) from 2023.
- MagNet had 1,313 employees in 2023, a 1.8% decline (-206) from 2022.
MagNet's total workforce has declined from 1,306 employees in 2023 to 1,188 in 2026. MagNet's headcount peaked at 1,316 in 2024.
MagNet (California) quarterly employee count
| Year | Qtr | Employees | YoY Change | YoY % |
|---|---|---|---|---|
| 2026 | Q1 | 1,188 | -79 | -0.1% |
| 2025 | Q4 | 1,222 | -66 | -0.8% |
| 2025 | Q3 | 1,239 | -23 | -1.0% |
| 2025 | Q2 | 1,245 | -18 | -1.3% |
| 2025 | Q1 | 1,267 | -49 | -2.1% |
| 2024 | Q4 | 1,288 | -25 | -0.7% |
| 2024 | Q3 | 1,262 | -12 | -0.5% |
| 2024 | Q2 | 1,263 | -43 | -1.1% |
| 2024 | Q1 | 1,316 | -109 | -0.5% |
| 2023 | Q4 | 1,313 | -206 | -1.8% |
| 2023 | Q3 | 1,274 | -254 | -1.7% |
| 2023 | Q2 | 1,306 | -168 | -0.7% |
See MagNet's complete headcount history, including quarterly breakdowns.
Get the DataMagNet Employee Count by Region (2026)
Northern Europe accounts for the largest share of MagNet's global workforce with approximately 93% of total employees, followed by East Asia and Sub-Saharan Africa.
MagNet employees by region
| Region | Employees | % of Total |
|---|---|---|
| Northern Europe | 1,089 | 93.2% |
| East Asia | 34 | 2.9% |
| Sub-Saharan Africa | 18 | 1.5% |
| Western Europe | 6 | 0.6% |
| North America | 5 | 0.4% |
| Southern Europe | 4 | 0.3% |
| South America | 3 | 0.3% |
| South Asia | 3 | 0.2% |
| Southeast Asia | 2 | 0.1% |
| Pacific Islands | 2 | 0.1% |
Drill into city-level data, hiring trends by region, and historic geographic shifts.
Unlock Geographic DataMagNet Employee Count by Department (2026)
MagNet's employee groups are Sales and Marketing (43.7%), Engineering (32.8%), and Finance and Operations (23.5%).
MagNet employees by department
| Department | Employees | % of Total |
|---|---|---|
| Sales and Marketing | 517 | 43.7% |
| Engineering | 388 | 32.8% |
| Finance and Operations | 278 | 23.5% |
Compare MagNet's department mix to industry peers.
See Full DataMagNet Employee Salary by Region (2026)
MagNet's average employee salary is $53,985 globally. Employees in North America receive the highest compensation, with median pay approximately 1.6x the global average. Pay is lowest in Sub-Saharan Africa, at a median of $13,000.
MagNet median employee salary by region (USD)
| Region | Median Salary |
|---|---|
| North America | $85,000 |
| Northern Europe | $44,000 |
| Southern Europe | $40,000 |
| East Asia | $34,000 |
| Western Europe | $18,000 |
| South America | $16,000 |
| Sub-Saharan Africa | $13,000 |
Unlock salary by role, level, and city — and compare to MagNet's industry peers.
Unlock Salary DataMagNet Job Openings and Hiring Trends (2023-2026)
- MagNet had 17 active job postings in 2026, a 45.5% decline (-9) from 2025.
- MagNet had 26 active job postings in 2025, a 49.3% decline (-17) from 2024.
- MagNet had 43 active job postings in 2024, a 91.8% decline (-73) from 2023.
- MagNet had 116 active job postings in 2023, a 27.5% decline from 2022.
- Hiring velocity in 2026: 12 new roles/month, down from 21 in 2025 and 47 in 2024.
MagNet's hiring is slowing: active job postings fell 45.5% in 2026 to 17, with new postings per month cooling from 131 in 2023 to 12 in 2026.
Track new postings per month, role-level demand, and hiring velocity vs. peers.
Unlock Hiring DataSimilar Companies
Similar Financial Services Companies by Employee Count
Frequently Asked Questions About MagNet
- How fast is MagNet growing?
- In 2026, MagNet's headcount shrank 0.1% to 1,188 employees, down from 1,267 in 2025.
- See the full headcount history
- Where are MagNet employees located?
- Most MagNet employees are based in Northern Europe (93.2% of headcount), followed by East Asia and Sub-Saharan Africa.
- Explore where the workforce is based
- What is the average salary at MagNet?
- The average employee salary at MagNet is approximately $54k per year.
- Analyze the salary distribution
- How many new job postings does MagNet open per year?
- In Q1 2026, MagNet opened 36 new job postings. In 2025, MagNet opened 246 new job postings — about 21 per month.
- Track hiring trends by role
- When was MagNet founded and where is it headquartered?
- MagNet was founded in 2020 and is headquartered in Los Angeles, California.
- Compare MagNet to industry peers
Speak with a workforce expert about MagNet.
Book a DemoSee something that doesn't look right? Reach out and our team will review it.