Thread regarding ADP layoffs

This is only a short term solution

ADP senior leadership believes it can be more successful (considering only stock price) with less experienced, less skilled EEs that make less money.

Cutting costs like that is known to raise stock prices in the short term. It remains to be seen if ADP can sustain growth/quality/retention without the people that got them there in the first place. It seems counter intuitive and goes against the mantra of elite leaders at the best companies (fyi, I do not consider Carlos a great or even a good leader).

So, it's a risk. My educated opinion is that ADPs senior leadership is focusing on short term stock prices at a cost that will undermine their position in the mid to long term. Is that risk worth upending the lives of thousands of families? My answer would be...no.

A couple things that won't show up on ADPs balance sheet...

  1. EE loyalty used to be pretty strong at ADP. Now it's dead. Senior leadership killed it. EE turnover rates will be interesting.

  2. Much of that tenured talent now works for smaller, aggressive competitors that are going hard after ADP clients with some success.

Time will tell. FWIW, I sold all my stock and recently left ADP...voluntarily.

Good post by @YnmApfq-1ekm, I thought it deserved its own thread.

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Post ID: @YpbkyKb

3 replies (most recent on top)

Several sales people have gone to work for competitors because they're tired of the clients complaining about inadequate customer service; and constantly defending against rumors FROM the competitors.

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Post ID: @YpbkyKb-6kdr

Yikes. And with more layoffs coming it will get worse! Run.

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Post ID: @YpbkyKb-5vez

I can tell you, it’s getting rough. We are now being asked to work like dogs.

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Post ID: @YpbkyKb-5qjh

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