Is the stock falling due to the effects of all the mass layoffs at ADP?
10 replies (most recent on top)
Did you guys not take Economics 101? We are in a recession and dealing with a pandemic. Even if ADP was doing a great job, which they're not, the stock might be down. (It was over valued) Heck, if the govt wasn't propping up the stock market, this past year, things would be a lot worse. So, please deal with job and management issues and stop worrying so much about the stock price.
I fear the pretty severe falling stock price in the past week is going to lead to more layoffs. Do you think we should be worried? Working from home, I am not hearing as much talk as I used to so I don't know what to think.
ADP stock is the Hindenburg in slow motion. Watch it burn.
Stock down $6.21 right now today alone. Outlook is dramatically lowered by street. ADP announced even lower than expected earnings.
Expect more layoffs to cover up for the inept management.
ADP will triple down on the lie lie lie, deny deny deny plan they are executing on. Watch and see.
Seems that CEO's plans to get rid of the best employees ain't working out so well... LOL
https://seekingalpha.com/news/3650995-adp-gets-double-cut-evercore-isi-to-underperform-on-weak-demand
ADP does not do mass layoffs. Much of it is considered movement of workforce. Smoke and mirrors if you will Eliminate work from home or those over 40 but hire in a super center. Its a net so they don't have to tell investors it's a layoff.
The stock is falling because ADP is a clown fest now. Jokers running everything and everything is a circus and all you get is peanuts and sweeping up droppings. Welcome to the new ADP!
@1zim+18RKIQ7h - you and your opinions have been debunked.
Uh, visit a professional advisor.