Digital Risk, a Florida-based mortgage risk-analysis software maker, is planning to cut up to 745 full-time positions in the state on April 12, according to the Jacksonville Business Journal. The company cited a sharp decline in refinancing loans as the need to restructure its workforce.
Digital Risk isn’t the only financial company cutting back on its staff lately. Bank of America is letting go a number of its technology and operations workers.
In the case of Digital Risk, the company expects to cut up to 148 workers in its Jacksonville office, says the Business Journal. But a spokeswoman said it’s still too early to say how many employees would ultimately be let go since the company may be shifting some of those workers to different positions.