Signicat, a European digital identity company, has announced a reorganization that will result in layoffs affecting a small number of employees. The move aims to streamline operations, integrate previous acquisitions more quickly, and build scale across Europe to strengthen its market leadership and focus on profitable growth. While the exact number of layoffs and percentage of the workforce affected were not disclosed, the company stated it will provide support like career coaching to impacted colleagues. This restructuring, led by CEO Asger Hattel, is part of an effort to create a future-proof organizational structure without disrupting customer services. Signicat, headquartered in Norway and backed by Nordic Capital, operates in the digital identity and fintech industry.
