Equifax, the Atlanta-based credit bureau that owns Kount, a Boise-based fraud prevention company, recently conducted layoffs affecting an unspecified number of employees.
Equifax acquired Kount in 2021 for $640 million as part of its strategy to enhance fraud prevention services. Despite multiple inquiries, the company has not disclosed details regarding the layoffs, including the total number of employees impacted, reasons for the decision, or any support measures offered to affected workers.
Posts on LinkedIn suggest that several dozen employees were let go, including those in quality engineering and account executive roles.
Kount’s workforce reductions follow a trend of cutbacks by large corporations after acquiring Boise-based companies. TSheets, purchased by Intuit, and Cradlepoint, acquired by Ericsson, have also seen workforce reductions or relocations, affecting Boise’s tech and financial services sector.
Founded in 2007, Kount grew steadily before its acquisition by Equifax. It joined the ranks of successful local startups in Boise’s tech ecosystem, including TSheets and Cradlepoint, only to face significant workforce changes under new ownership.
The lack of transparency from Equifax has left questions about the future of Kount’s Boise operations and its role within the broader corporate structure of its parent company.
