Inscribe Layoffs
March 2024
Inscribe announced a layoff affecting 0 employees (40% of its workforce) in March 2024. The company operates in the Finance sector.
0
40%
Mar 8, 2024
About
In March 2024, AI fraud detection software provider Inscribe laid off just under 40% of its staff, affecting dozens of employees. The San Francisco-based startup, which had around 60 employees, made the cuts in January as part of a strategic pivot. The company's board recommended the layoffs after missing revenue goals for over a year, citing market challenges and the need to adapt to AI advances in the financial services industry. The reduction primarily impacted go-to-market and operational roles as Inscribe shifts toward a new product strategy, with a major launch planned for later in the year. This follows a $25 million Series B funding round in early 2023, during which the company had anticipated growth.
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