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HomePersonal FinanceJob Cut: Layoff announcement..! This company laid off 2200 employees, company announced

Job Cut: Layoff announcement..! This company laid off 2200 employees, company announced

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. This multinational software company has laid off about 2220 employees on Wednesday. The company’s CEO Chris Todd said that the size of the workforce has been reduced by about 14 percent.

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 size of the workforce 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. Before the layoffs, i.e. till the end of last month, according to the data available, it had 15,882 employees. It is located in Massachusetts and is among the largest software developers.

What did the current employees and the company spokesperson say?

A senior project manager working in UKG wrote in a LinkedIn post that today many employees were laid off in UKG. This is a challenging time for those who have been laid off, and it is important that everyone comes together as a community to support each other. Regarding this, the 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 to channel its resources in a new direction and invest in key areas of product innovation.

Last year also there was a layoff in UKG

In his e-mail, the CEO of the company said that earlier the layoff was to be done in the next week but when there was a lot of talk 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 there has been a layoff in UKG. Earlier last year in 2023, the company reduced its global workforce by 1.7 percent and at that time the company laid off 265 employees from all over the world. This time the layoff has happened only in America.

Shyamu Maurya
Shyamu Maurya
Shyamu has done Degree in Fine Arts and has knowledge about bollywood industry. He started writing in 2018. Since then he has been associated with Informalnewz. In case of any complain or feedback, please contact me @informalnewz@gmail.com
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