This is a difficult day for us at Policygenius, and especially for our employees who have been directly impacted. With these changes, we remain confident in the future of our company, our continued innovation, and the excellent service we continue to provide our customers every day. After careful consideration, we announced the difficult and necessary decision to reduce the size of our workforce. In a statement provided via email, Jennifer Fitzgerald, CEO and co-founder of Policygenius, did not confirm that number, saying:Īs with many companies, the sudden and dramatic shift in the economy has forced us to adapt our strategy. One employee posted on LinkedIn today that he was among the 25% of staff that were let go. The number of employees affected is not confirmed but is believed to be around 170, according to multiple sources. Policygenius, an insurtech that raised $125 million in a Series E round less than three months ago, has reportedly laid off about 25% of its staff.
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