Background-Checking Giant Checkr Slashes Workforce by 32%, Despite $5 Billion Valuation
Checkr, a 10-year-old startup that offers employee background checks and was last valued at $5 billion in April 2022, has laid off 382 employees as companies are not significantly hiring talent.
TechCrunch exclusively learned that Checkr conducted the layoffs across all departments and different levels on Tuesday.
“In response to economic conditions that have impacted companies’ hiring, we made the difficult and painful decision to reduce the size of our team.
This will allow us to operate more efficiently and ensure the long-term health of our business,” a Checkr spokesperson said in the statement.
The job cuts — which affected 32% of the company’s workforce — came nearly two years after Checkr announced the acquisition of Inflection, the startup behind GoodHire, a background-checking platform for small- and mid-sized businesses.
