ID.me, an identity verification company that has done work for the Internal Revenue Service, Department of Veterans Affairs, and dozens of state unemployment agencies, said it would be laying off corporate staff on Tuesday, Insider has learned.
In an email to staff, CEO Blake Hall said the job cuts were because of a volatile economy and push for profitability.
“While ID.me has experienced tremendous growth, we are not immune from the difficult market conditions that have negatively affected the tech industry,” Hall said in the email, which was obtained by Insider. “To remain in control of our future, we must reorient the business around core products and establish an organic path to profitability.”
