Veriff Layoffs
May 2020
Veriff announced a layoff affecting 63 employees (21% of its workforce) in May 2020. The company operates in the Security sector.
63
21%
May 4, 2020
About
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.
Source
View Sourcenews.err.eeRelated Events
More Security Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl