Massachusetts-based software program firm UKG lays off 14% of its workforce, 2,200 workers

Date:

The pinnacle of Massachusetts-based software program firm UKG supposed to carry the event till subsequent week, however as hypothesis circulated, he delivered the information the day earlier than the Fourth of July: Roughly 14% of its workforce can be laid off.

Which means about 2,200 of an estimated 15,000 workers worldwide will quickly be left with out a job, in response to an e mail Chris Todd, the corporate’s chief government officer, despatched on Wednesday.

“We are announcing a number of organizational changes that will allow us to aggressively focus on critical areas of growth and to provide flexibility to actively invest in important new areas,” Todd wrote in his e mail.

“These changes mean we have made the difficult decision to say goodbye to ~14% of our colleagues,” he added. “A top priority through this change is treating those leaving with care, dignity, and respect, and providing support to make their transitions as smooth as possible.”

UKG — also called Final Kronos Group – is a multi-billion greenback privately held firm that got here to be when Florida-based Final Software program merged with Lowell-based Kronos in February 2020.

The corporate supplies software program to companies, colleges, and authorities businesses to help with human assets, payroll, and workforce administration.

It stays unclear what number of Massachusetts-based workers can be dropping jobs.

UKG can be providing these laid off severance pay, a “prorated 2024 annual bonus for eligible departing employees,” job search help, continued well being advantages for an outlined interval, and entry to an organization worker help program, Todd wrote in his e mail.

In an announcement to the South Florida Sentinel, the place UKG is co-headquartered, a spokesperson mentioned the organizational modifications will permit the corporate to “redirect resources and invest in key areas of product innovation while enhancing how we support our customers.”

The event caught backlash on social media, with some workers describing their layoffs as a blindside.

“I was impacted by the layoff. My manager didn’t know. My manager’s manager didn’t know,” an worker said on Reddit. “To say the least, every one of us is disappointed and sick to our stomach on how we all found out. I still don’t understand how UKG is rated to be the best company to work at when everyone that I know is not happy with how the company is running things.”

This isn’t the primary time in latest reminiscence that UKG has eradicated a few of its workforce. The corporate final March lower about 260 jobs.

Massive know-how firms together with Amazon, Apple, Google, and Microsoft, amongst others, have all lower part of their workforces as they incorporate automation and synthetic intelligence.

Share post:

Subscribe

Latest Article's

More like this
Related

New England Revolution outclassed 5-1 by Philadelphia Union

CHESTER, Pa. (AP) — Cavan Sullivan turned the youngest...