148 jobs may be 'reclassified' at Digital Risk
Digital Risk LLC, a Central Florida financial technology company, said Wednesday that 148 of its 262 employees in Jacksonville may see their jobs “reclassified” as part of a corporate restructuring.
Maitland-based Digital Risk, which provides mortgage risk, compliance and transaction management solutions for the financial services market, filed a Worker Adjustment and Retraining Notification with the state on Tuesday saying it would cut 744 jobs statewide on April 12. Besides Maitland and Jacksonville, the company also has Florida offices in Lake Mary and Boca Raton.
Digital Risk spokeswoman Brandie Young said by email that the WARN notice is misleading because most of the workers will remain on the payroll. However, the affected workers may see their jobs reclassified to part-time, contract or temporary status.
Young said the company is creating a more flexible workforce to respond to the volatility in the mortgage markets.
“Given the current customer demand, Digital Risk is strategically realigning teams, positioning its workforce to support client’s fluctuating demand by moving to a hybrid workforce model. This will maximize flexibility and retain the ability to quickly respond to urgent client needs in the face of turbulent and unpredictable market cycles,” she said.