Hagerty slashes another 4% of workforce to contain costs

April 12, 2023

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

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