Thread regarding AmTrust Financial Services Inc. layoffs

September

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 then or in October (I may be incorrect) but I want to make sure it’s not another round too.

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| 3806 views | | 8 replies (last March 4, 2020)
Post ID: @OP+10FXyoqW

8 replies (most recent on top)

Any updates? Hearing republic might be next with layoffs this week

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Post ID: @39ggw+10FXyoqW

@2gmue+10FXyoqW

Lol, they really said "this is it" again? That's what they said after the FIRST round of IT layoffs.

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Post ID: @2Czij+10FXyoqW

Well all I can say is that this past Wednesday, (01/08/2020) they laid off 5 adjusters (Liability) at the Melville, Long Island location. Those people were shocked. And, also heard about transferring claims to Sedgewick. This company is stream lining to the 25th power, lol. I don't believe anyone's job is safe here. 2020 will bring many more changes, keep your resume updated is all I can say.

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Post ID: @2hczz+10FXyoqW

Well I'm sure after today you see there have been more layoffs. They say this is it but they said that a few months ago as well. And are transferring manyyyyyy claims to sedg.

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Post ID: @2gmue+10FXyoqW

Any more rumors and or truth out there closing of offices or more downsizing or “right sizing” the positive spin but all bad news?

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Post ID: @1Szpv+10FXyoqW

@10FXyoqW-csga

"More efficiency" is a buzzword for fewer moving parts, AKA fewer employees. The "computer system" probably referred to them outsourcing a large portion of the company to TATA Consultants. So, you know, if your job can be replaced by Indians, keep your LinkedIn updated.

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Post ID: @Gfkf+10FXyoqW

I am have the same question about Amtrust. Half of my department was laid off in February 2019. Amtrust has been working on getting a new computer system set up which is supposed to make everything more efficient. That leaves me wondering if more efficiency means less people needed. At this point, I am wondering if my office location will remain open. We have approximately 10 people in our office, once the new computer system is up and running will they need all of us? Also, that's a lot of over head for an office space with few people... especially if they no longer need all the employees that remained after the first lay off.

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Post ID: @csga+10FXyoqW

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