Israeli cybersecurity startup Identiq is laying off approximately 20 employees, representing almost half of its 45-person workforce, as part of a reorganization announced in early April 2024. The company, which developed an anonymous identity validation network, stated the cuts are necessary to focus on its leading product solutions and ensure long-term growth. Founded in 2018 and having raised a $47 million Series A round in 2021, Identiq will reduce staff in both Israel and the U.S., affecting full-time employees, interns, and freelancers.
