Layoffs Continue at Fortior Solutions, Formerly Known as SureID

Layoffs at Fortior
iStock/Tashatuvango

Despite the name change, layoffs continue to plague Fortior Solutions. SureID, Inc., doing business as Fortior Solutions, filed a notice with the Oregon Dislocated Worker Unit saying it is laying off 25 employees.

The Fortior layoffs will take place between November 8, 2017 and January 24, 2018.

In October, struggling SureID sold its name and part of its business to New York-based Sterling Talent Solutions.

The background screening company acquired SureID’s commercial business and took the SureID name. The remaining Hillsboro company rechristened itself as Fortior Solutions.

While details of the sale were not released, 35 of SureID’s then 140 remaining employees joined Sterling.

Including the recently announced cuts, the Hillsboro, Oregon company has laid off 300 employees since May, reducing the company’s Oregon headcount by 80%. There are around 80 employees left in Hillsboro.

Following the Sterling deal, SureID changed its name to Fortior and streamlined its core business focus. Where the former SureID provided identity authentication, background screening, and identity management and enforcement, Fortior provides identity verification to the military and other larger organizations.

“The sale to Sterling is the first step in what we plan to be a series of restructuring activities to help reduce the company’s debt burden and allow for the potential of renewed value creation,” SureID Chief Financial Officer Sean Sullivan wrote in a note to shareholders.

The company said it would use the proceeds of the sale to Sterling to pay down debt. It expects to have the debt paid off and to start generating cash at some point in 2018.

SureID/Fortior has been besieged by troubles in 2017. In April, it lost a major contract with the U.S. Navy after military inspectors found that unauthorized people could gain access to naval installations.

In May, SureID replaced its chief executive officer after the company lost the major military contract.

In June, SureID eliminated as many as 12 executive and managerial positions.

 

Sources

WARN Listing,” Oregon Dislocated Worker Unit, November 10, 2017.

Fresh layoffs at SureID, now called Fortior,” The Oregonian, November 9, 2017.

Struggling, SureID sells business unit and takes new name,” The Oregonian, October 23, 2017.

Navy ditches access card system for tens of thousands of workers,” Sandiego Tribune, April 18, 2017.

 

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