https://techcrunch.com/2024/03/08/ai-fraud-detection-software-maker-inscribe-ai-lays-off-40-of-staff/

Yet another AI-powered fraud detection software provider is laying off staff. Inscribe, whose platform works to detect fraud in areas like business underwriting, tenant screening, and onboarding, has cut just under 40% of its staff, which equates to dozens of employees. The news follows that of another, small round of layoffs at AI-powered plagiarism detector, Turnitin, whose CEO had last year touted how AI would enable the company to reduce its headcount.

According to sources, Inscribe’s board recommended the cuts as the current market caused the startup to miss its revenue goals for over a year.