Look in the mirror Carlos. You did that. You're feckless leadership and decisions. And truth is it is actually down much much worse than that if you look a slightly different time range. All the layoffs in the world won't fix the lost knowledge and productivity.
Carlos will always be known as the "Captain Hazelwood" at the helm that sank ADP.
WOW a PE 23. Haven't seen that since the 90's
Uhm, actually ADP stock now down $5.30 at 3:15pm. More Layoffs will fix this! Let's shoot for 2500 or maybe 3000 more for starters. Can always layoff more to make the numbers look good before bonus payout. Gotta be quick though!
Stock down $4.76 today already. Fire this CEO now!
Those numbers are way low. ADP stock is down 7.5% this week alone. FIRE the CEO already ADP!
Amazing. Stock down $3.64 already today. And the question is: "how many layoffs will fix that Carlos?"
It was clear that this would happen the moment ADP leadership decided to divest itself of its knowledge base by getting rid of its experienced employees just to save on some labor costs. A dumb move. A very dumb move.