Keep hearing more and more talk about ADP possibly being acquired by another company, could this be true?
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There is an ADP spin off company called Broadridge Financial Solutions. I clicked on them on this layoff site and they have employees posting about that company doing the replacement by cutting the older workers!
And if it does get acquired, would you want to be part of potentially MORE layoffs? Mergers or an acquisition are never fun! They look to cut even more so they dont have multiple people doing the same thing!
Why would you care? If you are still with ADP you shouldn't be here, start working on your resume, it's coming down hard! Your clients are unhappy, your organization is moving on to a directionless situation, get your selfworth together and look for a new job that you can do with dignity and less worry!
It is possible that ADP could be sold, but as for repositioning itself and acquiring new blood, I completely disagree. ADP management blundered in trying to save money on labor costs by eliminating their experienced and well paid employees and replacing them with inexperienced, unproven workers earning such low wages that they are not motivated to succeed and build any serious future with this company. That is the extent of this "new blood".
One possibility is that ADP is making their financials look better for a possible sale. Another argument is that ADP is trying to reposition themselves into a more competitive market by bringing in new blood. It could be a good idea for ADP to be acquired by a company with new ideas and better products.
Why is this thread ridiculous? Do you have evidence to the contrary?
This thread is ridiculous.
ADP is still generating revenue... for awhile. Yes, this company may be acquired by another company that wants to get into payroll/personnel. But eventually the bottom will fall out as too many clients walk away from shoddy service and bad products.
ADP revenue is still growing, as are their margins. If they can do one thing right, it's maximize profits and cash flow. They may treat associates like crap, and replace tenure with cheap labor, but at least in the short term it's a very attractive stock and the company is going to generate a lot of cash for a long time to come. That makes it an attractive acquisition target for a large company looking to break into a new market that is highly profitable.
Very few companies generate cash the way that ADP does?
The way that ADP generates cash is by acquiring, servicing, and retaining clients. But ADP is throwing away its knowledge base by eliminating its experienced workers and hiring cheap and inexperienced workers who don't know the products and are not motivated to learn them. So ADP is now having major problems in servicing their clients, which leads to client frustration, anger, and rage. This creates client retention problems.
Clients are leaving ADP for its competitors which lowers ADPs cash generation. This is getting worse as talent continues to be cut and is replaced with cheapness and inexperience.
So why should any company acquire this loser who is losing its ability to generate cash? As a previous poster said to perhaps grab the rest of ADPs clients.
very few companies generate cash the way ADP does. Lots of companies would like to buy that. I'm betting on IBM, Microsoft, and maybe Amazon.
My bet is it gets donated to goodwill. :)
Seriously, who in their right mind would do that? The only value might be to a Workday or similar type company that has a way better platform and could just take the customers without all the crap systems and crap management of ADP.
It's certainly a possibility, but nothing out there yet so it would all be speculation at this point.
That's what it looks like to me...