Explorer

UKG Layoffs: The Tech Firm Fires Approximately 2,200 Employees Amid Restructuring

UKG Layoffs: In response to the publication's inquiries, a company spokesperson explained that UKG "is implementing organisational changes that allow us to aggressively focus on critical areas"

UKG Layoffs: UKG implemented significant layoffs on Wednesday, reducing its workforce by approximately 2,200 employees. CEO Chris Todd conveyed in an email reviewed by the Business Journal that the privately held software company had downsized approximately 14 per cent of its workforce. In addition, several employees from the company posted about these layoffs on the social media platform LinkedIn.

As one of the largest software developers in Massachusetts based on its local workforce, UKG employed a total of 15,882 people as of last month.

An employee working as a Senior Project Manager at UKG wrote in one of the LinkedIn posts, “Today, many of our colleagues at UKG faced unexpected and difficult news with the recent layoffs. This is a challenging time for everyone involved, and it's crucial that we come together as a community to support one another.”

In response to the publication's inquiries, a company spokesperson explained that UKG "is implementing organisational changes that allow us to aggressively focus on critical areas of growth and support our long-term strategy."

"While decisions that impact our team are not ones we come to lightly, these changes will allow us to redirect resources and invest in key areas of product innovation while enhancing how we support our customers. We are committed to supporting our colleagues through this transition,” the spokesperson added.

In his email, Todd mentioned that he had initially intended to announce these changes the following week. "We originally planned to share these changes next week; however, due to news and speculation related to this action circulating internally, we chose to accelerate the timing to today," he wrote.

Todd specified in his email that the layoffs are concentrated primarily within the US across all departments.

These recent layoffs at UKG follow a reduction of 1.7 per cent of its global workforce, amounting to 265 positions, just over a year ago. The company cited the necessity to prioritise investments in strategic areas as the reason for these actions.

Also Read: Unacademy Layoffs: The Edtech Firm Fires 250 Employees

Top Headlines

Hormuz Crisis Triggers Fuel Shock In Pakistan: Govt Mulls Weekly Petrol Price Changes
Oil Shock After Hormuz Closure: Pakistan May Move To Weekly Fuel Price Changes
Iran Tensions Hit India’s Rice Trade: Exporters Seek Relief As Freight, Insurance Costs Spike
Iran Tensions Hit India’s Rice Trade: Exporters Seek Relief As Freight, Insurance Costs Spike
Stock Market Jumped Sensex Rose To 79,927, Nifty Ends At 24,765
Stock Market Jumped Sensex Rose To 79,927, Nifty Ends At 24,765
Amazon Layoffs: Over 100 Robotics Employees Fired As Company Scraps Blue Jay Project
Amazon Layoffs: Robotics Division Cuts Over 100 Jobs As Company Reshapes Automation Strategy

Videos

Exclusive Inside: Nitish Kumar’s Rajya Sabha Nomination Process Captured Amid JD(U) Worker Uproar
Breaking Update: Nitish Kumar Files Rajya Sabha Nomination Amid Roaring Worker Support in Bihar
Exclusive Update: Amit Shah Meets Nitish Kumar Ahead of Rajya Sabha Nomination in Patna
RJD Reacts: Manoj Jha Calls Nitish Kumar’s Rajya Sabha Move a Scripted BJP Strategy
Bihar Political Shift: Nitish Kumar to File Rajya Sabha Nomination Today

Photo Gallery

25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Embed widget