UKG Layoffs: US-Based Software Firm Announces Massive Layoff Round, Cuts Over 2,200 Jobs as Part of Organisational Changes To Focus on Growth Areas
UKG, a software company based in US, announced a massive round of layoff that affected more than 2,200 employees, about 14% of the total workforce. The latest round of UKG layoffs was initiated as a part of organisational changes to focus on growth areas.
Weston, July 4:슬롯 머신 사이트 추천UKG, a US-based software슬롯 머신 사이트 추천company, reportedly laid off over thousands of슬롯 머신 사이트 추천people on July 3, 2024 in its latest round. According to a report, UKG's mass layoff began right before the 4th of July holiday, when the슬롯 머신 사이트 추천company let go around 14% of its workforce. The 14% of employees affected by the UKG layoffs were슬롯 머신 사이트 추천estimated to be more than 2,200, if looked as per the total employee count.
Business Journal슬롯 머신 사이트 추천슬롯 머신 사이트 추천about슬롯 머신 사이트 추천the UKG layoffs, highlighting how the Florida-based software company reduced its workforce by implementing such a mass layoff round. The report mentioned that the UKG CEO Chris Todd's email reviewed by it슬롯 머신 사이트 추천highlighted that the슬롯 머신 사이트 추천company had cut around 14% of its workforce. It슬롯 머신 사이트 추천mentioned that UKG,슬롯 머신 사이트 추천one of the largest software developers슬롯 머신 사이트 추천with슬롯 머신 사이트 추천a presence in multiple countries, employed슬롯 머신 사이트 추천a total of 15,882 employees.슬롯 머신 사이트 추천Microsoft Layoffs Continue: Tech Giant Reportedly Lays Off Unspecified People From Various Departments and Locations To Focus on Future Investment, Increase Profit Margin.
A UKG spokesperson stated that the슬롯 머신 사이트 추천company슬롯 머신 사이트 추천initiated layoffs as part of organizational changes that aim to help focus on critical growth areas and support슬롯 머신 사이트 추천long-term strategy.슬롯 머신 사이트 추천The spokesperson further said that the슬롯 머신 사이트 추천workforce reduction will allow UKG to슬롯 머신 사이트 추천redirect its resources and invest them into key areas of product innovation슬롯 머신 사이트 추천and enhance슬롯 머신 사이트 추천customer support. The슬롯 머신 사이트 추천spokesperson added that슬롯 머신 사이트 추천the슬롯 머신 사이트 추천company would help the employees affected by the UKG layoffs in transition.슬롯 머신 사이트 추천
UKG CEO Chris Todd announced that the tech layoffs슬롯 머신 사이트 추천were to be announced next week, but due to news and speculations circulating internally, the company had to슬롯 머신 사이트 추천rush its action. Chris Todd also슬롯 머신 사이트 추천confirmed that the job cuts would be limited to the United States across all departments.슬롯 머신 사이트 추천Unacademy Layoffs: After Layoffs, Unacademy CEO Gaurav Munjal Denies Rumours of Merger and Acquisition, Says 슬롯사이트˜Ignore the Rumours슬롯사이트�.
The software company was previously known as슬롯 머신 사이트 추천Kronos and was based in Lowell, but it was rebranded as UKG (Ultimate Kronos Group) after merging with Ultimate Software in 2020.슬롯 머신 사이트 추천The report mentioned that last month, UKG슬롯 머신 사이트 추천employed more than 1,600 workers in슬롯 머신 사이트 추천Massachusetts. In 2023, the슬롯 머신 사이트 추천company reduced슬롯 머신 사이트 추천around 1.7% of its슬롯 머신 사이트 추천global workforce, which led to 265 people leaving their jobs.
(The above story first appeared on LatestLY on Jul 04, 2024 06:31 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).