Now isn't that a head scratcher! Eliminate the good and knowledgeable employees, and keep the low paid underachievers and wonder why things aren't working?
26 replies (most recent on top)
It is true. Recently got let go 26 years with ADP and turned 50. I know many others that have been let go, close to retirement, greater than 15 years of service and 50 and older. Clients are getting poor service. Inexperienced employees or off shore employees that barely speak English. COPORATE GREED.
Well well, lookie there: it's happening again today, just like yesterday and so many days prior...
Stock market up over $300, ADP down over $1.00 already and it ain't even ten am yet!
Carlos needs to be tossed out!
Every day, my point is being confirmed: Stock market up, ADP stock down. ADP CEO Carlos Rodriquez is failing the shareholders, employees, and clients. He is only lining his own pockets. It is time for him to go: step down or be removed, it does not matter. He needs to go!
Well it seems that person can't say anything, because the fact is real: the stock is way down under this CEO's watch. Losses for the year are significant. Hedge funds are frowning on ADP and the short and long term forecasts and expections are bad for ADP.
Yo! Where's the person saying ADP is all great now? Take a look at the stock? It's basically s—ing wind. That is on Carlos and I for one am writing the board as often as I can - he needs to go!
Yawn people still b–ching about Carlos? Hasn’t been the same since after Josh Weston retired, Gary Butler was instrumental in introducing this business plan / mindset and the beginning of the end of what was once a mighty industry leader.
Time for more layoffs!
Maria Black is not any good. She should have been booted.
Back to the financials though. It seems ADP is on a downward slide now. The news media is all pointing negative towards ADP. We all know how bad the decisions of the CEO have been and the talent that has been lost. We all know how unhappy the clients and employees are. We know how messed up the business landscape is now and how bad that is for ADP. We have seen the continued negative forecasts for ADP...
So the question is: How long do you think the effects of the above will last on ADP and will it follow the Circuit City destiny in the next few years?
Yep. And now with Maria Black as president of worldwide sales and marketing you can bet it is going to go downhill. Under her "leadership" at Totalsource she was one of the less than ethical folks that was responsible for the elimination of the talent at ADP. She is a long time cronie of Carlos Rodriquez and as such is protected and exactly the reason she has that role now. But that aside, mark my words, and watch closely, sales will suffer immensely under her. And it will be deflected as a dozen other reasons they are failing than her own lack of abilities to lead properly. The company has a layer of puppet masters that are manipulating everything at everyone's expense in order for them to stay in power.
For the most part leadership comes from the Sales organization. They know nothing about what ADP does other than hooking clients with promises Service will not be able to keep. They lie, cheat and steal to get a deal. Then when clients realize they have been had,
they are p-ss-d. Service gets the brunt. Escalations, issues, and don't get me started about TCOE (which is a POS).
Uhm, you spoke too soon, ADP stock down $4.37 today already! ADP is crumbling, part due to COVID-19, but mostly due to bad management decisions. They aren't helping you or anyone except themselves.
@wsf+16a0igoh - ADP plan still working for you? It sure isn't working for investors or any other employees or clients. ADP down AGAIN another $3.50 today after yesterdays blistering loss. Seems to me the board needs to replace this CEO with one with some real abilities!
5 Day -7.15%
1 Month -8.04%
3 Month -5.98%
1 Year -17.66%
My spidey senses sense Carlos will be ramping up more layoffs soon. He does not know how to lead or pick the proper leadership to surround himself with. So, his only mental horsepower is to eliminate experienced employees. Great job! Let's hope the board eliminates him for his dismal performance and leadership!
@yhn+16a0igoh There you... Some hard facts for you. The stock is down from it's high - over $50 a share. Yes, maybe could has something to do with it, or maybe all this ”transformation” is catching up to Carlos and crew. Either way- that's a lot of money for the stockholders. He's got some explaining to do to the board.
Yes, it is awful! Maybe more layoffs will help?
@1leu+16a0igoh - spot on with that one! ADP, whether goes the way of Circuit City or is still unfolding, but without question, the devastating impacts of the losses of the best employee talent continuously over the last four years has and will continue to hurt ADP for a long time. Recovery will be sketchy if any.
Time for a history lesson kids... about a company who, much like ADP, axed their top performing (and top paid) employees... and spiraled to an early grave.
@wsf+16a0igoh, I know you think all is great, but want to explain why ADP is in the "BIGGEST LOSERS" then? https://finance.yahoo.com/losers/
It ain't stopping there... now down $10.63 today!
Great job Carlos! Time to pay for another high price ineffective CFO!
Wow, ADP down $9.66 today, right now. Golf clap Carlos! Well Done!
Automatic Data Processing Again Slashes FY20 Outlook Amid COVID-19
ROSELAND (dpa-AFX) - While reporting financial results for the fourth quarter on Wednesday, technology company Automatic Data Processing Inc. (ADP) slashed its earnings, adjusted earnings and revenue growth guidance for the full-year 2020, due to the expected impact from the COVID-19 outbreak.
For fiscal 2020, ADP now projects earnings per share to decline in a range of 12 to 17 percent and adjusted earnings per share to decline in a range of 13 to 18 percent on a revenue decline of 1 to 4 percent.
Q4 FY2020 pays per control down 10.8%.
Client Fund Balances down 8%.
ES Revenues down 6%.
New Business Bookings down 67%.
PEO Margin down 450bps.
Expected continued losses through Q3 FY2021.
Pays per control negative (decline 10.8%).
And that's just for starters... how about the stock down $6.00 at open alone this morning?
Yep, going swimmingly at ADP.
Knowledge base is gone. Cheap, inexperienced labor invades the place. Clients are unhappy and in trouble themselves. ADP's management is a joke now. The work environment is just awful. Employees are overworked, over their heads, and exhausted not to mention on pins and needles every day with worry about the next axe to fall in the never ending layoffs.
And you know I could go on and on but you are right: it is going great! You have to be right because you don't want to face the facts. Your desire for things to be great doesn't make it so. ADP has made really bad decisions and is in a very vulnerable place right now and is suffering because of it. Bad CEO decisions = these results.
Oh, you are right: it is working. LOL. My bad. Clearly it is ok to terminate people for age discrimination, skin color, or any number of things ADP has targeted towards people for the purpose of "saving money". You are right. Because you said so. I apologize to your greatness and such insightful wisdom. You have to be right because it is YOUR opinion and you are not yet affected. I retract everything I said, it is so clear to me now that I must be wrong because you have to be right. Hope your family is safe and fine and all ok while others are hurt for someone greedy inept short sided non working plan. Watch that boomerang. It is coming for you courtesy of ADP executive management. Mark this day in history.
Sorry, I didn't know that only "angry folks afraid" post here. LOL! The stats are the thousands of experienced ADPers that have been terminated over the last couple of years taking the knowledge base with them. That stat alone is enough to cripple the company!
Sorry gang, things are going fine. Show me real stats. That they aren’t, not just angry folks afraid. I need stats. Aside from VERP, which was great for a lot of folks , not a lot of layoffs considering. Y’all got nothing.
Unclear about what’s.....not working?
It is in fact working and is also imperfect. Investing in solutions that will fix the problem like tech, cheaper labor, consolidated real estate will save ADP instead of letting everyone hold on to the same wooden door as it sinks and everyone drowns.