Checkr

Checkr, a background-screening platform last valued at $5 billion, laid off 382 employees, representing 32% of its workforce, on Tuesday, April 10, 2024, due to economic conditions affecting hiring and to operate more efficiently for long-term business health.

Checkr, a San Francisco and Denver-based background check startup serving clients like Uber and Lyft, laid off 64 employees last Thursday, representing 12% of its workforce. The cuts affected multiple departments and were driven by a hiring slowdown among its clients during the pandemic. Impacted employees will receive 2 to 4 months of severance pay, one year of health insurance, and the removal of the one-year vesting cliff for stock options. Checkr, which was valued at $2.2 billion in late 2019, is part of the broader tech industry facing economic pressures.