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

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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.

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