Coming up on 2-year anniversary of the July 2024 layoffs

I’m just reflecting on UKG post July 2024 RIF and the downward spiral that I’ve watched this once unicorn company go through.

March 2020, Ultimate Software and Kronos merger.
June 2022, CEO Aron Ain steps down. Enter Chris Todd.
Fall 2022, Global Delivery introduced.
July 2024 RIF, over 2,000 employees. Chris Todd removed as CEO. Enter Jennifer Morgan.
Following July 2024 RIF, major company re-org.
Global Delivery grows, while positions in the US are quietly being eliminated. Also, when US employees leave, their roles are not backfilled (I had several teammates leave, but not a single role was filled).
February 2026, RIF.
April 2026, RIF.
Current: Bulk hiring for Solutions Consultants in NOIDA / India as “transitioners” (delayed lay off employees) help to train them on their jobs, so they can take over come August 2026.

What did I miss?

What is happening to this once unicorn company?

UKG is in shambles.

#Company #Downsizing #Layoffs #RIF #Reorganization

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4 replies (most recent on top)

@OP you forgot to mention Rachel Barger cratering the entire Sales Organization

TBH, I saw it coming after the merger was announced in Feb 2020. I'd been at enough so-called 'unicorn' companies to predict what would happen next. It looks exactly like the timeline you posted. It was clear that while both companies operated in the HRM space, they had different technologies that would make integrating the tech stacks a very difficult and EXPENSIVE challenge. I thought maybe they are coming up with the next big thing? Like Kronos did with Dimensions? Nope. It was a money grab. Learn the lesson I never did: get TF out once this type of thing is announced. Get somewhere better, but leave in good standing. If it becomes the exception to the rule and a great new company grows out of it, you can boomerang back if you want.

@bb If it is following the current trend, July for sure. September 30th would align with the FY.

Another layoff next month (July) or September

Thread regarding UKG / Ultimate Kronos Group / Ultimate Software Group Inc. layoffs

Coming up on 2-year anniversary of the July 2024 layoffs

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