Next CEO Goldstein tells staffers layoffs done to “secure long-term future”

Published: Mon 11 Jul 2022

Next CEO Guy Goldstein told staffers in a memo on Thursday that a rapid deterioration in macroeconomic and capital market conditions, along with a shift in focus to profitability, had led the small business insurtech to cut its workforce by 17 percent, calling the move “one of the hardest decisions” of his professional life.