Thread regarding AmTrust Financial Services Inc. layoffs

Any news on more layoffs today?

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 and all info on it...

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| 3094 views | | 10 replies (last April 18, 2019)
Post ID: @OP+Yp3i2G1

10 replies (most recent on top)

"but the IT department acknowledged that there's going to be more payoffs in the upcoming months."

On mobile, meant "more layoffs," not "more payoffs." Unfortunate typo

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Post ID: @4tdq+Yp3i2G1

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 payoffs in the upcoming months. Starting soon, developers will be spoken with privately to have their role in the outsourcing explained (if they're going to be let go when it's over, if they're staying, etc). We're probably going to see a lot of people quit voluntarily because, well, who wants to stick around six months for some place they aren't wanted?

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Post ID: @4ywo+Yp3i2G1

More IT layoffs coming soon in CLE. Definetly time to start looking for another job.

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Post ID: @4sgz+Yp3i2G1

Insider trading law suits, massive layoffs, giving up multiple lines of business. SINKING SHIP

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Post ID: @4dff+Yp3i2G1

I was part of the layoffs held last Wednesday and Thursday. Going private and bringing in consultants never results in anything good and ALOT of people got laid off.

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Post ID: @3nex+Yp3i2G1

They hit the Melville, NY office this week as well. They are dropping like flies. In every dept.

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Post ID: @1jgi+Yp3i2G1

It will all be done by the middle of next week. I think they are going to start doing things in the morning with how they did it today. Good luck to everyone during all of this, I hope we all make it. If you didn’t, I hope you find something as soon as possible.

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Post ID: @yjr+Yp3i2G1

The rumor is, human resources is all in the Jersey office right now doing more layoffs

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Post ID: @pyq+Yp3i2G1

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