Around 60 people – or 20% of the Metromile team – are said to have been laid off following Lemonade’s Metromile deal closure yesterday, according to people familiar with the matter.
In an email to Metromile staff sent from his personal email address, seen by Insurance Business, former Metromile CEO Dan Preston (now SVP of strategic initiatives under Lemonade) thanked colleagues for “all you contributed, sacrificed, and helped build at Metromile”.
“Today’s actions were not what any of us expected as we embarked on this path, and it was naturally a huge shock to all of us,” Preston said in the email.
“But most importantly, it’s no reflection of your performance, talent, or potential.”
The former CEO, who shared his mobile number and said he was “eager to help” affected staff by sharing details with hiring CEOs and VCs, said he was “optimistic that there’s a silver lining in this.”