Carlos is a lousy CEO. He laid off thousands of his employees to replace them with cheap labor killing the American dream of trying to earn a decent wage in this country.
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It’s not just the hostile take over, sales are down. Does anyone know how layoffs are determined? There’s more coming & the “poor performers” have already been let go.
All of this started in 2017 when William Ackman from Pershing Square attempted a hostile takeover. ADP is paying 50% of what they paid employees 5 years ago, and are not only destroying the culture of the company and its standing with clients, but also with its vendors and contract providers. For years hundreds of people made a living doing contract work to augment full time employees with business demand required it. ADP has severed its contracts with dozens of firms, and the firms left are being forced to take significant reductions in compensation. This greed and mismanagement is affecting scores of recruiters and decades long loyal contract workers - some of whom were being asked to come back at 50% their prior rates. This started with the RIF and Retirement buyouts in 2018 and the 2019 actions are not only embarrassing but continue to pave the path for the end of ADP as the world leader in Payroll services. American Greed at its finest.
Seems Carlos and Jan both like sticking it up peoples @$$ at any cost.
This guy recently sold another boatload of ADP stock again. I'm guessing he knows he's on the way out or that he truly sunk ADP.
Bottom line is Carlo is horrible CEO that thinks it is ok to hurt people as a way to bolster profits as he has no real vision or leadership skills except rape and pillage the short term salary costs through reduction of knowledgeable and skilled employees. CEO's like this are not leaders, not visionaries, and not even rational. Best to just be away from the environment altogether!
Agreed. Who runs a company like this. What a freaking hot mess him and his henchmen have made.
Carlos is a extremely lousy CEO. He has no real vision. His only play has been destruction and while that may show up in the very short term as rising stock, make no mistake, it will haunt this company for decades. ADP customers that are still using ADP are in large part dissatisfied with the new ADP employees lack of knowledge and ineptness. It is show cracks and the crumbling has started. Carlos will be shown in the long run to be a terrible CEO with terrible leaders he has surrounded himself with. Next wave of layoffs are about to start. Carlos has no other tactics except short term salary purge of highly comped (aka highly skilled) employees. That certainly does not make him a good CEO!
The company is probably realizing their own mistakes by reading this Layoff site. (Since the left and right hands dont know whats going on anyway) The same trolls who post the fake Glassdoor reviews are probably reading this site and reporting findings back to mgmt. The good news is that maybe has caused them to slow down the mass layoffs of tenured people.
Of course no one is entitled to the American dream. Workers don't matter, just spit on them.
However, ADP management is the one coming up on the short end of the stick. Perhaps that is what should really be talked about. How ADP made a weird blunder in voluntarily eliminating its knowledge base by throwing out experienced workers. Again, the workers don't matter, the company needs to go on and make money. But wait, the company has been damaged by this wacky decision to save on labor costs. Badly damaged. That is gross stupidity and negligence by ADP's top management. Absolutely unbelievable.
The thing about the American dream is that no one is entitled. Too many people act as if they are entitled to work at a company for 30+ years. Here's a news flash, that's very uncommon these days.
Yes, definitely. And not only killing the American dream but his own company. Irreplaceable talent lost. The company's knowledge base eroded. A strange way to save on labor costs. A short term gain and a long term crazy mistake that will seriously hurt if not kill the company.