Thread regarding CDK Global Inc. layoffs

There is a better than average chance CDK will go under

aside from the line of bull I have heard from a leader or two about how this was a reorg that resulted in a layoff, I feel sympathetic to many managers here they were thrust into this sh--storm. Talking to one new 'new' manager, they had no clue what plans were for reorg post layoff, and admitted they were not even sure they had a place at CDK moving forward. This was nearly a month after the layoff. As a 'survivor', the optimistic part of me hopes there are opportunities here moving forward for me, but I am looking elsewhere too. Now people are scrambling around trying to get work done with little to no support from management, especially the ELT.

One or two people with relationships at some big dealer groups have told me they are exploring ways to clue them in, not because they want to destroy CDK, but out of respect for our customers who deal with us, and rely on us to help them run their business. I was told they feel customers need to know why they are paying for substandard products and support. Whether or not they will, or have I do not know.

A few years ago, if you would have told me that ADP/CDK was in danger of being run into the ground, I would have been skeptical. We are the big player in our space. Now, with the brain drain and destruction of customer support, I genuinely feel that under these executives, there is a better than average chance CDK will go under.

Reposted from @UsrolDx-6yfw.

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| 2762 views | | 7 replies (last September 18, 2018) | Reply
Post ID: @OP+UzEI3Nw

7 replies (most recent on top)

You have to know that execs at Reynolds & Reynolds and other DSPs are smoking cigars, chugging champagne and chuckling. I am sure they never thought they would see the day that their biggest competition would self implode

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Post ID: @Easy+UzEI3Nw

people who say CDK is sold..... what is your source, or is it just hearsay?

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Post ID: @cbej+UzEI3Nw
  1. the company is sold

  2. the company is going private-CDK will start to repurchase stock in Q1

  3. both of the above

  4. Macdonalds three year deal expires in January 2019

  5. lets pray the new owners want to Make CDK Great Again!

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Post ID: @ccgi+UzEI3Nw

ADP sheds Dealer Services - now called cdk

2018 stock performance for both;

ADP - Up 22.5 %

meanwhile

cdk - Down -12,8 %

ADP management sure was wise.

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Post ID: @bsqa+UzEI3Nw

“It was a business that turned into an ATM machine for Wall Street,”....https://www.thenation.com/article/toys-r-us-workers-take-private-equity-barons-ashamed/

I agree. CDK was spun from ADP with almost no debt. The debt to equity ratio is now 1:1. The ELT and Wall Streeters are incentivized to run it into the ground.

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Post ID: @bkwt+UzEI3Nw

There are too many gaps in service and development capability now. the remaining few, even if they want to, cannot bridge those gaps without significant business-harming delays , if they even can at all. Sr. Management is either inept, delusional, has a buyer and is ready to sell, or maybe they all are planning on just taking their golden parachutes and cashing out. Or maybe they have large positions shorting the company. There are zero indicators of improvements coming or turning this company around.

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Post ID: @7wlw+UzEI3Nw

It's not a matter of if, but when CDK will go under. There is no way this company will survive long term with current structure and lack of employees. The employees that are left have zero motivation to even try anymore. Myself being one of them. Sad to admit this, but it's true.

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Post ID: @krf+UzEI3Nw

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