look news india
UKG Layoff: More than half of this year has passed but the sword of layoffs has not stopped yet. This time its blow has fallen on the employees of UKG. Its multinational software company has laid off about 2220 employees on Wednesday. The company's CEO Chris Todd said that the number of employees has been reduced by about 14 percent. Apart from this, some employees of the company also revealed about this layoff on the social media platform LinkedIn. According to the data available till the end of last month, before the layoff, it had 15,882 employees. It is located in Massachusetts and is one of the largest software developers.
What did current employees and company spokespersons say?
A senior project manager working at UKG wrote in a LinkedIn post that several employees were laid off at UKG today. This is a challenging time for those who have been laid off and it is important that everyone comes together as a community and supports each other. Regarding this, a company spokesperson said that the company's structure is changing. Its focus is now on key areas for growth and long-term strategy. The layoffs will help the company put its resources in a new direction and invest in key areas of product innovation.
Last year also there was layoff in UKG
In his email, the CEO of the company said that the layoffs were to be done next week but when there was a lot of discussion about it and there was a lot of discussion within the company, it was decided to announce it today itself. This is not the first time that layoffs have happened in UKG. Earlier last year in 2023, the company had reduced its global workforce by 1.7 percent and at that time the company had laid off 265 employees from all over the world. This time the layoffs have happened only in America.