Amtrust Financial Services layoffs, on the record
Every job cut, severance charge and restructuring Amtrust Financial Services reported in its annual reports, 2015 to 2017, quoted from the filings. Headcount went from approximately 6,200 to approximately 9,300.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2015 | approximately 6,200 | December 31, 2015 |
| 10-K for 2016 | approximately 8,000 | December 31, 2016 |
| 10-K for 2017 | approximately 9,300 | December 31, 2017 |
Job cuts, severance and restructuring
Our summaryThe company said its Specialty Program reporting unit is going through an operational restructuring, so 2017 and 2018 results do not reflect normal operations.
Word for word“This reporting unit is undergoing operational 53 TABLE OF CONTENTS restructuring and as a result 2017 and 2018 financial results are not reflective of normalized business operations.” 10-K for 2017
Amtrust Financial Services has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Amtrust Financial Services’s annual reports (10-K for 2017, 10-K for 2016, 10-K for 2015) and the financial data it files with the SEC, as of 2018-03-16. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.