Root lays off 330 staffers, 20% of its workforce, in response to ‘loss cost inflation’
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Root lays off 330 staffers, 20% of its workforce, in response to ‘loss cost inflation’

James Thaler
January 20, 2022
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Auto InsurTech Root has eliminated 330 roles at the company, or about 20% of its workforce, in response to what the firm says are “loss cost inflation trends”, the company announced on Thursday. 

Root said in a securities filing that it had implemented an “organizational realignment”, which was intended “to further drive efficiency and increased focus on the company’s strategic priorities” and that it would incur a charge between $7mn and $8mn...

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News Root Operations/tech InsurTech
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James Thaler
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