Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Veriff, an Estonian identity verification company, has announced the reduction of 101 jobs worldwide.
The jobs concern workers in different locations of Veriff offices across the world, however, exact locations and positions are not mentioned. Management is attributing the decision to challenging economic circumstances, specifically the impact of high interest rates on business operations and the slowdown in the growth of their customer base.
Veriff is an Estonian company that works on AI-powered identity verification solutions has offices in Tallinn, Tartu, Barcelona, London and New York.
Eurofound (2023), Veriff, Internal restructuring in World, factsheet number 109349, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/109349.