coverager
The story behind Metromile’s layoffs
![](https://insurtechnews.com/uploads/news/external/4dr2geF9.png)
On the week of April 6th, Dan Preston, the CEO of Metromile, one of oldest insurance startups, told employees that cuts need to be made in order to achieve a 2-year runway. As a result, around 50 employees were laid off, including the entire marketing team, and around 50 employees were furloughed.