More layoffs at Lemonade

According to Israeli business newspaper Globes, Lemonade is to lay off 3% of its workforce worldwide. The news comes a year after the insurer laid off some 50+ employees, according to our coverage. Globes estimates the impact at about 40 employees.

Lemonade had 1,367 employees as of the end of 2022.

Bottom Line: To hire and to fire is a standard practice of every business, but also, “this Lemonade is very sour!”