Hagerty slashes another 4% of workforce to contain costs
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.


Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

Hagerty slashes another 4% of workforce to contain costs

Kyoung-son Song
April 12, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Hagerty logo Traverse City Michigan.jpg

Classic car insurer Hagerty has announced a workforce reduction of approximately 4%, or 83 employees, following a strategic review of business processes within the organization, according to its 8-K filing.

As a result, the insurer expects to realize a charge of around $5mn, primarily in the first quarter of 2023.

The

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsOperations/techHagerty
headshot template (23).png
Kyoung-son Song
Senior Reporter
Contact
Gift this article