More and More Layoffs Ahead!

Straight from the SEC 10-Q filings on January 31, 2020... they state they are continuing "transformation initiatives" (aka layoffs) for the foreseeable future.

Now this lie from the CEO is funny and I guess the stock price now pretty much proves he is dead wrong: "Through our investments in innovation and transformation, we are positioned to maintain our positive momentum for fiscal year ended June 30, 2020 (“fiscal 2020”)."

Positive momentum for CEO payout perhaps but for the employees, for the clients, for the shareholders, ADP has entered into a major losing cycle. Keep you heads down and find a better place to work. Life is way too short to spend so much time in such a miserable place.

Comment! It's anonymous!

2 replies (most recent on top)

I’m a VERP, of course layoffs are coming, been that way long b4 Carlos. The world we live in.

Unfortunately......... FACT!

All my best to my fellow friends who’ve helped me along the way and those that still remain.

My best.

An intelligent analysis. It doesn't take much talent to lay people off rather than do a real transformation initiative that takes into account all of the stakeholders (employees, clients, shareholders) as stated.

My congratulations to ADP's top management team. You have indeed positioned yourselves for a decent payout whether ADP tanks or not. You should be very proud of yourselves for securing your future. As for the employees, clients, and shareholders, umm... no, not a good deal. But they don't matter anyway, only the top dogs do. Again, congratulations.

Thread regarding ADP layoffs

More and More Layoffs Ahead!

2 replies (most recent on top)

Post a reply