“IPO for me, Layoffs for thee” - Anonymous employee UKG Employee Review

1.0
Apr 9, 2023
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Coworkers who also realized they are getting shafted by new leadership

Cons

- Wealthy new executives are obsessed with an IPO so they can add tens of millions of dollars to their already heavy bank accounts, while laying off hard working folks with families to make the numbers look better for investors. - if you’re thinking of starting a career here, Don’t. Hugo and his fellow consultants running the show will fire you or push you to quit so that their balance sheet looks better when they dump their shares and cash out.

Explore other reviews about UKG

1.0
Jun 25, 2026
Recommend
CEO approval
Business Outlook

Pros

There was once a great company named Ultimate Software, it was destroyed by a hostile takeover from H&F, a private equity firm, and a merger with Kronos to become UKG. There are very few Pros since that time.

Cons

When this company was Ultimate Software, prior to the takeover from H&F and the merger with Kronos, it was a world class company with top shelf people. The company Motto was "People First" and they truly lived by that motto, never a layoff, great working environment and stealer benefits. Since the takeover and subsequent merger with Kronos, to become UKG this company has taken a path of "Money First", which is understandable given the greedy nature of Private Equity Firms like H&F. They have systematically closed most of the offices across the US and have been expanding their footprint in Noida India, for obvious reasons. The leadership that has been put in place by H&F is clearly focused on IPO. And we all know what that means, clean up the books and make the company look as good on paper as possible. Can you say "Lipstick on a Pig". This was once a great company when it was run by Scott and Viv but now it has gone the way of the Private Equity management and is heading for a great fall.

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