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.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62.01 - Computer programming activities
100 jobs Number of planned job creations
Announcement Date
12 April 2021
Employment effect (start)
12 April 2021
Foreseen end date
31 December 2021
Description
Estonian technology company Veriff has announced that it will create over 100 new jobs at its units in Estonia, the UK and the United States by the end of 2021. At the moment, the company is looking for staff in the development, product, verification and support departments.
In April 2021, the start-up has closed its ‘Series B’ funding round by raising €58 million, and it is to develop its services and expand its activities on a global scale, especially in the American market.
A partner of IVP, one of the main investors, told that its company is proud to support Veriff, especially because in 'an increasingly digital world' identification solutions are essential for businesses.
Veriff was founded in 2015. The company is focused on AI-powered identity verification for businesses; it provides authentication services in over 36 languages in 190 countries worldwide. Currently, the company employs 250 employees in offices located in the UK, the United States and Estonia.
Eurofound (2021), Veriff, Business expansion in World, factsheet number 104716, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/104716.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
