Veriff

Veriff laid off 101 employees representing approximately 21% of its workforce on 2023-08-23.

Veriff laid off 66 employees representing approximately 12% of its workforce on 2023-02-09.

Veriff, an Estonian secure identification verification startup, is laying off 63 employees, a surprising move given the company's recent growth during the pandemic. Founder Kaarel Kotkas explained that while demand surged in the U.S. and Europe, manual verification processes in markets like Africa collapsed, affecting over 100 staff in that sector. The layoffs come as Veriff, which expanded from 20 to over 300 employees last year, aims to achieve profitability. The announcement was made in April 2020, amid the economic effects of the coronavirus pandemic.