Thread regarding ADP layoffs

Just laugh that a “technology” company can’t support two different retirement plans ... really ? Isn’t is just two special calcs?
And yes, it’s clear anyone hired prior to 2015 means nothing to them. But really surprised that Carlos stayed they knew that these changes were happening as far back as 2015. SMH ...

Chat comments today were awesome. As a long term associate, who was too young VERP, I'm sure there a lot in ADP, in the same position, you screwed us, with the pension. Sorry, but offering me IVF, student loan help, child care, doesn't help me. I can't move my pension to a 401k or an IRA. You're still maintaining two plans, would it have broke you to keep it in place?? Oh that's right you don't care about anyone hired prior to 2015. Awesome timing, day after YE, when folks busted their butt to make sure that the 64 million w2s went out the door, and the tax filings were all done by the due date. Empathy, not in this regime.

Are the chat comments on-line anywhere? What was said?

The chat comments from everyone in the town hall were priceless...

"ADP is so dominant in the field that they will continue to thrive"

You got to be kidding, right? With the disastrous decisions ADP's top management team has made in voluntarily degrading their work force by deliberately throwing away their knowledge base by getting rid of their top talent, who knew how to provide quality service, and replacing them with cheap, demotivated workers who don't know how to effectively service the clients, causing both clients and employees to leave?

And this is what Carlos is doing "what needed to be done"? So what needed to be done is to cut the knowledge base as stated above? The real intent was to drastically cut labor costs, nothing more. And Carlos didn't understand that it takes new employees years to master the company's complex systems and that you can't just throw "expensive" employees out and bring in cheap ones and expect the same quality of service. Oops! Now you have dissatisfied clients and a transient workforce that is a fast revolving door of employees coming in and going out. Yeah, ADP is constantly hiring and hiring, and losing and losing employees. You can't service angry clients this way forever.

So much for Carlos' "charter to keep the company on top" by making irresponsible decisions. Whether Carlos is evil or is personally attacked is irrelevant. The problem remains that he made bad decisions. The company may flounder and collapse because of his decisions, but yes, Carlos is a rich man and will walk away still a rich man whether the company falls or not. It must be nice to not have the pressure to succeed like the ordinary ADP workers who do need a steady income to put food on the table, keep a roof over their heads, put their kids through college, and prepare for retirement.

Many, many quarterly reports are in since the first wave of VERPS including two year ends. As I stated a long time ago, ADP is so dominant in the field that they will continue to thrive. Carlos is doing what needed to be done in today’s and the future climate. I do feel compassion for those caught in the middle ground of survival; children starting college; not quite ready to retire etc; ADP had to make changes to fight back the many challenges they faced. Yes, the man is rich beyond you or I but his charter is to keep the company on top. I am very disappointed in those that attack his family personally, I still have friends and some stock in ADP; although I’ve diversified some since my departure. I am a common man, and yes I met the man more than once, he’s not an evil person.