Lemonade closes on acquisition of insurtech Metromile, promptly lays off about 20% of its staff

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Lemonade closes on acquisition of insurtech Metromile, promptly lays off about 20% of its staff

Publicly traded Lemonade has laid off about 60 employees of Metromile, the auto insurtech company it recently acquired – adding to the volatility the technology sector has seen over the past 18 months. In an emailed statement, a Lemonade spokesperson told TechCrunch that it was “able to offer a role at Lemonade to about 80% […]

Lemonade closes on acquisition of insurtech Metromile, promptly lays off about 20% of its staff

2022-07-30 05:03

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