Talked to a friend in sales. Competitors are hammering ADP with the layoffs, offshoring and rest of the c-ap going on.
Said that they lost some tenured people on their side - some voluntary and some not. Can you imagine trying to look a buyer in the eye (or on the phone now since part of sales has moved to supercenters) and say, "This is all just part of the plan, we're still a good company. Trust me."