FinanceUS

Metromile Layoffs

April 2020

Metromile announced a layoff affecting 100 employees (33% of its workforce) in April 2020. The company operates in the Finance sector.

People Affected

100

Percentage

33%

Announced Date

Apr 6, 2020

About

Metromile, a San Francisco-based car insurance startup that offers pay-per-mile policies, laid off 100 employees yesterday, representing 33% of its workforce. The cuts impacted staff across all departments and were carried out in its offices in San Francisco, Boston, and Tempe. The company attributed the layoffs to economic uncertainties stemming from the COVID-19 pandemic, which has drastically reduced driving and, consequently, likely diminished its revenue as customers drive far fewer miles.