Pie Insurance lays off 14% of workforce amid deteriorating funding environment
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Pie Insurance lays off 14% of workforce amid deteriorating funding environment

Kyoung-son Song
May 19, 2023
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Pie Insurance has laid off 14% of its workforce, or 66 employees, as part of a budget revision process to reach profitability without additional investment.

The InsurTech has identified over $25mn in annual expenses to eliminate from the budget since February, when management and the board started revising its three-year plan to ensure the company reaches profitability with cash on hand.

“[We]

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NewsOperations/techInsurTech
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Kyoung-son Song
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