Jumio, an identity verification provider, has laid off over 100 employees, representing less than 6% of its approximately 1,500-strong workforce. The downsizing, confirmed in January 2023, affected teams in the U.S., international, and India offices. The company cited the lagging economic impact of COVID-19 and current market challenges as reasons, stating it needed to focus on core business areas and reduce spending on underperforming investments to remain competitive. Jumio is offering placement services and support to those impacted, emphasizing the difficult decision was made to ensure the company's strategic future growth in the biometrics and digital identity industry.
