Paycor layoffs hit every department including Marketing, which saw 5-6 roles eliminated. Yes there has been a revolving door of Vice Presidents and C suite executives. Yes the product isn’t differentiated from others, just a commodity. Layoffs were inevitable as by early April the CEO announced the Paycor clients were hit badly by the shutdowns and Paycor was processing payroll for 90,000 less employees in just a few weeks. The trend is expected to continue. Most employees had their salaries cut 5-10%, through the end of 2020, and executives 15%. Free payroll is offered for new clients, while current clients who are struggling don’t get the free payroll. The number of layoffs are about 450 across all teams, sales, implementations, marketing, product, HR. Also all offices including Belgrade were impacted.
Originally posted by @ahga+14vMOiUZ, bumped for info.