news - page 292

Estonian unicorn Veriff lays off 12% of its employees

Tallinn-based identity verification company Veriff is laying off 12%, or 66 people, of its employees across teams around the world. As a result of the layoff, the company will retain just over 500 employees. This is happening only a year

Cyren cuts up to 30 Ukrainian professionals with no pay for 40 days

On February 1, the tech company Cyren announced that it was laying off a significant number of employees and was considering the scenario of complete liquidation. According to DOU, the company did not give the Ukrainian team advance notice of

Similarweb is under layoffs. The company has a team in Ukraine (updated)

Similarweb, like many other big tech companies, is cutting staff, as AIN.Capital learned from its own sources. The exact figure is currently unknown, but according to the sources, the layoffs are affecting approximately 10% of the company’s staff in Ukraine.

Estonian biotech ÄIO raises €1M to make alternative oils and fats

Tallinn-based biotech startup ÄIO has raised €1 million in fresh funding to develop and produce alternative oils and fats for the food industry. Nordic Foodtech VC, EAS, and several other partners provided the funding, The Spoon reports.