“Today we made changes to the Coterie team impacting roughly 30 people. This was especially difficult as each one of these employees is dear to our team. However, when the macroenvironment changes our plans need to change, too.
We are offering every departing employee severance benefits and outplacement services to make this transition as smooth as possible.
While we continue to hit our goals, onboard new partners, and are releasing a new update to our Dashboard in just a few weeks, we can’t assume that former assumptions are going to hold true in this new environment. We’re proceeding prudently, thinking about the long-term and narrowing priorities. This comes at a significant cost.
To those impacted, we honor the contributions you made here, and you will forever be part of the Coterie story.”
– David McFarland, CEO of Coterie Insurance