Identiq Layoffs
April 2024
Identiq announced a layoff affecting 20 employees (44% of its workforce) in April 2024. The company operates in the Security sector.
20
44%
Apr 1, 2024
About
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.
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