Thread regarding ADP layoffs

I believe the posting about managers giving mandates to find any reason to get rid of long time employees is 100 percent fact. These managers are just slaves to the higher ups doing the dirty work.

More often than not the highest paid and most tenured employee on a team has also been in the same role for a very long time. ADP is starting to value job movement and diversity in experience rather than doing the same exact job for 15 years. If you aren't getting what you need out of your current role and you feel like your future might be in jeopardy it's a good idea to look at another role even if it's for the same pay. Experience and change is worth something.

Yes, it makes sense. I think that your view may be more accurate.

I'm not so sure about that. Pershing owned 7.25m shares of ADP between 2009 and 2011 and was what's called an agitator investor. They pushed for selling off CDK, and got it. It's impossible to speculate on what they are attempting to do this time around, and no indication of how much stock they are acquiring, so the jury is out on what they are up to and what impact it will have on ADP.

Pershing Square is known for its short term investments in other companies, and not long term. So it is highly probable that Pershing just wants to make some money by temporarily acquiring ADP through stock ownership. ADP is saving an enormous amount of money by consolidating its offices into just a few supercenters, and by replacing its experienced but expensive employees with cheap low paid workers. The company has no debts and the stock should go up more as ADP continues to close its offices and acquire cheaper talent. This should be completed by early to mid 2018. When the stock gets high enough, Pershing can sell off their ADP stock and divest itself from ADP. Then when ADP starts to lose more and more clients as the new inexperienced workers cannot keep up or properly service their client, Pershing will already be pursuing other projects and no longer involved with ASP. Just my 2 cents view.

I have heard and seen that when private equity firms/hedge funds start acquiring companies, layoffs start happening even more frequently. Based on a Bloomberg article I read about this Pershing firm, it wouldnt surprise me if Pershing sent consultants into ADP to advise on this current restructure and location centralization. Pershing's billionaire owner apparently has had quite an investment in ADP stock since 2011.

My gosh! Does that mean that Carlos Rodriguez could lose his job? sob Say it ain't so Pershing Square... he was just laying off and firing people in an attempt to save the company some money. Hiring cheap and inexperienced workers to replace them is a good move... who cares about work quality and servicing ADP's clients? Did Rodriguez really think that the company could survive for long with inexperienced and unproven workers? At least allow Rodriguez to make a few more bucks and jump out of a tottering ADP with his golden parachute when he is ready and not before. It's the only decent thing to do, since he treated his workforce so well... oh wait, he didn't!

Pershing Square is known to severely shake up the management of its acquired companies. Are even more layoffs on the horizon at ADP?

Anyone see the stock on Thursday? A hedge fund has made moves to acquire a stake in adp. The hedge fund name is pershing square headed by bill ackman. Wonder what this means for the future of adp?

Get out while you can. Don't waste your time or energy.

Being a new older worker but newer ADP ee...this is sad to hear...only been in payroll few months and while the training is in depth....it is too in depth and we know very little to do the processing and they are short handed on tenured reps. I was excited to work here...but now Im rethinking my decision to stay.