Israeli Cyber Startup company Identiq is giving pinkslip to 45 employees across all division due to financial crunch and may undergo reorganization. Identiq laying off around 45% of their work force with various job titles across all department in Israel with business restructuring to get its business back on track.
Identiq found in 2018 has speciality in identity validation, fraud prevention, identity verification, providerless technology, privacy-first technology, anonymous network, anonymous validation, multi-party computation, privacy enhancing technology, Peer-to-Peer network, and Peer-to-Peer technology. running by current CEO Itay Levy. The Private Network for Identity and Trust Validate new users, and vouch for ones you already know, all without sharing any user data whatsoever.
There was no official communication to us from Identiq but you can always refer Identiq internal gossips and layoff news on our Identiq discussion board.
As per company spokeperson to media, Identiq will reduce its activity to focus on the leading solutions among all its products. This change will allow the company to concentrate its development efforts on the product lines that provide the most value to its customers. This decision was necessary to ensure the long-term growth of the company. We will continue to support departing employees, who are all excellent professionals, and assist them in finding the next step in their careers..
Identiq Layoff Details in Brief
| Company | Identiq |
|---|---|
| Location | Israel |
| employee laid off | 20 |
| % Laid off | 45 |
| Division | Across all |
| Date | 02-April |
45 Identiq employees were laid off over the phone call/email without putting them into PIP (performance improvement plan), as per various media houses. This layoffs at Identiq surely have a deep impact on the affected employees across all division. The main concerns about job security and employability, Identiq employee may find themselves struggling with uncertainty and anxiety. However, it is important to note that layoffs are often a reflection of broader market forces rather than individual performance and we layoffnewz team wishes that all laid off employee will get alternative jobs soon.
You can connect with Identiq Official website for more details about this layoff.
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