Metromile CEO Dan Preston said the layoffs were unexpected and a shock, according to a memo from Preston to staff viewed by PC360. Preston now serves as senior vice president of strategic initiatives for Lemonade. (Credit: Gabby Jones/Bloomberg)
Around 20% of Metromile Inc.'s staff were let go following the insurtech's acquisition by Lemonade Inc., the purchasing firm confirmed to PropertyCasualty360.com in a statement.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
