Peter Thiel-backed insurance startup Jetty lays off 40% of staff days after pausing the sale of all new policies
Published
· Renters and deposit insurance startup Jetty laid off roughly 35 employees on Friday, or 40% of total staff.
· The cuts come days after Jetty, and its reinsurer Munich Re, paused the sales of new policies as the coronavirus creates underwriting challenges.
· A company spokesperson said the cuts and the layoffs were not...