Get ready for a mass exodus when the bo-b drops.
Global Specialty Town Hall scheduled with 1 business day notice. 30 minutes. Cryptic invite with no topic details. Employees told to make themselves available. When pressed for details, management and executive tight lipped. Something is coming.
With 30+ years in the insurance industry, I can say with absolute conviction that AmFuck is by far the worst company I ever suited up for. Thank you very little for the layoff. Best thing that ever happened in my career.
Any news on more layoffs for Amtrust before the end of the year. I am hearing that everyone is safe through the end of the year, anyone have any insight?
Workers Compensation Department is laying off people. Last day is June 4, 2020.
I’ve been hearing rumors from a few people that another lay off might be coming in September. Has anyone heard this or is this just possibly a game of telephone? I do know that most of the IT people who were required to stay to train will be leaving... — read more
Can confirm the details. We were given a severance package with approximately 6 week's worth of wages, but in order to get it (we're set to get it at Sept 1), we're required to sign a document outlining the terms of the severance, and some other... — read more
I spoke to someone in the AEC today, because I was laid off last week. They said they are processing the over 300 people laid off last week, so it's taking a while to send out confirmations that they received your paperwork. Just talked to a friend... — read more
IT is finalizing a contract for outsourcing part of the workload. Allegedly, this is supposed to help the developers focus more on improving the in-house software and less on bugs, but the IT department acknowledged that there's going to be more... — read more
Is AmTrust done for now with layoffs? Was yesterday it? Or is more coming our way this or next week? I'll admit I was caught by surprise with this latest round, so if more are coming, I'd like to be a bit more prepared mentally. I'd appreciate any... — read more
At least 5 people from the underwriting department in Buffalo NY office were let go today.
AmTrust is still laying people off. Makes you wonder if they are in financial trouble. I'm surprised this isn't in the media.
At least 20-40 people, mostly managers and supervisors, were laid off last week as part of what was called a restructuring and removing layers. Most were there at least 8 years if not more and told their position was being eliminated. Some of the... — read more
What do you guys expect to happen to the stock? I do not want any insider information, I just want to see what this board thinks about it.
Amtrust let go about 60 employees at their Sherman Oaks CA location on Friday 2/2. This particular Amtrust company looks like it will be closing it’s doors soon due to its recently severed ties with AMT’s insurance administrator. There is not much... — read more
Please share any updates you may have. I am specifically interested in 2018 and beyond. I've seen some post with historical info, that's good as well. I wish you all good luck.
I was impacted by the lay off. Human Resources and Ariel the IT VP was cruel in the delivery of the layoff. On Wednesday those that were impact received an meeting invite without a name in the subject in the title (no agenda) and all those impacted... — read more
Pleading ignorance to the law is not a defense. They played dumb and profited from not reporting losses therefore skewing the profit numbers. Knowing as soon as reports were made public, top executives sold hefty portions of stock while it was still... — read more
I hope I am wrong, but everything is pointing to it...