Lemonade told Metromile staff ‘everyone will have a role’ before cutting 20%
Following the completion of the acquisition of Metromile, US firm Lemonade has promptly laid off 20% of its workforce, around 60 people, but had previously told them that they all had jobs lined up.
US-based insurtech Lemonade closed the acquisition of Metromile, which it had announced in November last year. As part of the deal, Metromile shareholders received 7.3 million LMND shares, while
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