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Checkr , a 10 - year - honest-to-goodness startup that offers employee background check and was last value at $ 5 billion in April 2022 , has laid off 382 employees as companies are not significantly hiring talent .
TechCrunch entirely learned that Checkr conducted the layoffs across all department and dissimilar levels on Tuesday . The San Francisco – establish inauguration confirmed the layoff in an e-mail .
“ In response to economic conditions that have impacted company ’ hiring , we made the difficult and painful decision to trim down the size of our squad . This will allow us to operate more efficiently and ensure the long - condition wellness of our business organisation , ” a Checkr interpreter said in the statement .
The line cutting off — which affected 32 % of the society ’s workforce — came almost two year after Checkr announced theacquisition of Inflection , the inauguration behind GoodHire , a background - checking platform for small- and midsized businesses . At the meter , The Wall Street Journal reportedthe deal was worth $ 400 million .
back by celebrated investors , including Durable Capital Partners , Fidelity Management & Research , Franklin Templeton , BOND and Coatue Management , Checkr lets fellowship do background checks by looking into driving and criminal records and basic identity check of their possible employees . The startup offer an online flesh to let companies run those checks or use its API , which can be integrated within their hiring systems or onboarding package , including Workable and Zenefits .
https://techcrunch.com/2024/04/10/tech-layoffs-2023-list/
Founded in 2014 , Checkr counts Uber , Instacart , Netflix , Adecco , Airbnb and Coinbase among its cardinal customers . Its customer basis grew to more than tens of thousands of companies ranging from small and medium businesses to Fortune 500 employer in 2022 . Initially , the startup was specify to Silicon Valley , but itexpanded its mien beyond the Valleyin 2016 .
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Checkr has given the move employees a lower limit of 10 weeks of severance and wellness insurance , as well as calling and mental health backup , the spokesperson said .
The startup did not answer questions about its rail and fundraising plans . To date , it has get up $ 679 million , with the last stave of $ 250 million announced in September 2021 .
