A move to the La Palma facility may be likely. Building lease expires 2020. Could be part of plan to further reduce workforce (at client expense). Drive is so bad enough people will quit and eliminate need for more layoffs!
San Dimas security and CBRE maintenance already cut way back. Closing Pasadena would probably save more money than closing San Dimas.
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I did not say there would be no layoffs, I said that I doubted EGV's demise based on the fact that in addition to being a major accounts center it is also a national accounts center. So, sad that more were pruned, but I saw that happen pretty much every year or every other year for the past 7 years, or so.
EG / National accounts just had a layoff this week
EGV is a National Accounts hub, so you may not see it disappear as soon as you stated.
Ok, from my perspective, from an expense, expertise, etc perspective , I would put Alpharetta least likely to be absorbed followed closely by New York Metro with LaPAlma and Elk Grove definite targets in the next 5 years.
Alpharetta and New York Metro have a LONG shelf live.
Not my wish only my appreciation for everyone’s efforts throughout their wonderful contributions to ADP.
BS
Op. Did make the distinction of ‘the ones or folks they knew’. Out of the big 4 ‘old world’ spaces.....LaPalma, Alpharetta, NYM & EGV I would tend to agree however.
Southern California is an expensive place to live. Those extravagant salaries don’t go as far as ones in the One ADP locations.
Good one. Enjoy your extravagant salary while you can. I did when I worked at ADP.
The rumors about San Dimas closing have been going on for many years.
I’ll believe it when it happens. In the meantime I’ll collect my extravagant salary and mind my own business.
The 4th quarter earnings call said the location strategy was completed so unless they are starting another phase I thought it was ending.
Also common to renovate and stay 20 more years.
I sold my home about a year ago. Had to do some renovations to make it more attractive to sell. Put a new roof on among other things. Did sell the home rather quickly, probably because of that.
So yes, it is common to renovate and make improvements if you plan to sell a home or a building.
Even homeowners remodel or upgrade their homes when in the market to SELL. Common sense isn’t always common, I guess.
It was the ordinary employees earning the extravagant salaries in ADP's view. That's why they had to be gotten rid of.
And I agree, ADP is top heavy with VPs. Maybe some of them will also take a fall.
Getting rid of expensive associates with extravagant salaries? Perhaps they can stop making so many VPs. It feels like one in every four is a VP.
The supercenters are the future with poorly paid employees in them. That is a great cost savings for the company. No need to maintain or rent many buildings. Just a small number of supercenters to maintain.
And also in getting rid of expensive employees with "extravagant" salaries, pensions, and remote workers. Cheap, low-cost employees are the way to go.
Congratulations ADP, on your continuing cost cutting measures. Of course, you have created serious new problems with this cost cutting. I'm just glad that I was able to successfully retire out of this company and dont have to worry. Good luck with your supercenters and your demotivated low-cost employees.
Same thing in Elk Grove - many renovations which were needed years ago are being done now. Makes you wonder if they are getting ready to sell the building. Why spend money on remodeling now when all of these other cost saving cuts are happening... nothing makes sense anymore.
I personally don't feel that San Dimas is going anywhere in the near future. The company has invested quite a bit of money to renovate the cafeteria and amenities areas.
On the flip side, there's been a long-rumored idea that they would move associates around in the building so that teams could be together. There doesn't seem to be any movement along those lines, so maybe there's some truth to the idea of the office closing...