Mass layoff has started?

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What the heck is UKG, MNCs, Zscaler, and most of the other words in that message.

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Learn something new everyday.

Given you know someone who knows someone that got laid off, mass layoffs are the only possible conclusion.

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UKG had a big ransomware attack early this year that spooked a lot of their customers. Wouldn’t be shocked if this was part of the fallout.

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They also are going through a big merger of Ultipro and Kronos. Meaning lots of redundant jobs.

Layoffs are terrible, but but keep in mind, UKG merged with another company— layoffs impacted only around 100 employees (out of 12,000) and the reason stated was redundancy.
Layoffs are common with mergers. Anyone who expected no changes as a result of the merger obviously hasn’t been through this before.

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Yeah but the messed up part is ukg is still hiring a ton of positions and didn’t even try to offer current employees those spots rather than being let go….

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Kronos also had a huge data breach in December so I imagine they’re hurting a bit.

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Looks like a start up

Also they had a massive breach in December (and availability issues for over 6 weeks), I am sure their customer base is lower now and new business is not that hot (we passed them because of it)

I’m in industry and one of our competitors just laid off a ton of people too.

Don’t know what any of this means. Is there a glossary

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Industry-wide layoffs tomorrow or nah?

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