checks

Background-Checking Giant Checkr Slashes Workforce by 32%, Despite $5 Billion Valuation

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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.

X Bestows Blue Checkmarks upon Influential Users (as Intended)

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X is giving blue checks to influential users (which is what blue checks were supposed to be all along)X is giving free blue checks to users who have more than 2500 “verified” followers (or, people that subscribe to X Premium). So, basically this means that if you are a popular poster, you will get a blue check. This also means that these lucky people are frantically posting to make it clear that they didn’t buy a blue check — the blue check was foisted upon them. Back in days of yore, Twitter’s blue check indicated that a user was influential in some way. Back then, blue checks actually helped us determine if public figures are who they say they are.

Withings introduces cutting-edge multiscope technology for efficient vitals monitoring during telehealth consultations

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Aside from a brief on-again-off-again thing with Nokia, Withings has been quietly establishing itself as a home health powerhouse in recent years. The “multiscope,” as the company has deemed it, is designed to give patients easy access to vitals during teleconference health calls. It’s kind of a supercharged digital thermometer that also serves as an electrocardiogram, oximeter and stethoscope, giving your healthcare provider more insight into what’s going on with you in real time. “While convenient and cost-effective, remote visits lacked the ability for health professionals to carry out the routine checks they perform in person. That audio can also be sent to the healthcare provider via an app.

“Cracking the Code: LPs in a Downturn Economy”

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Emerging fund managers have had a tough time these past few years, and there is no telling when it will get better. Her firm just closed a $23.4 million Fund II after two years of fundraising. Wilkinson has no plans to raise a third fund anytime soon but has some advice for those who are, given the looming uncertainty in the venture market. After 300 conversations with institutional LPs, I had an aha moment in which I realized that I did not want to primarily work with institutions in the future. Individual investors are very different from institutional investors in all the right ways, in my opinion.

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