Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
The Ticker

Mortgage analytics firm Digital Risk moves to 'hybrid' workforce

Transition to impact roughly 40% of employees

Stock tickers
/ Print / Reprints /
| Share More
/ Text Size+

Analytics and risk management specialist Digital Risk is moving as many as 740 employees in Florida to a 'hybrid' workforce model over the next 60 days, in a mass reclassification effort designed to deliver a more flexible workforce.

The move represents roughly 40% of the company's employees, according to the Sun Sentinel, which originally reported the news.

Company spokesperson Brandie Young said the move is being made as the company looks to offer more flexibility for its clients, and many of the workers affected will be reclassified as contract or part-time employees.

The Sun Sentinel reports that Digital Risk employs 1,825 residents in the state and was Florida's largest creator of jobs in 2012. The company has received numerous incentives from the state, as well.

Per the Sentinel:

Digital Risk has received $2 million from Gov. Rick Scott's Quick Action Closing Fund, used to sway companies to locate in Florida. Additional incentives are tied to job creation.

Shannon LaRoque, Palm Beach County assistant administrator, said Digital Risk is not in violation of its agreement to ultimately deliver 600 jobs to the county.

The company, which must create and retain 150 jobs by year-end and another 450 by 2018, has received no county funds as yet, she said.

Editor's note: An earlier version of this story incorrectly identified the workforce transition as "layoffs," citing coverage at the Orlando Sentinel. Affected employees are not being laid off en masse per company officials. This story has been updated to reflect this correction, as well as updated to cite additional coverage at the Sun Sentinel.

Source: Sun Sentinel
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus