-I was one of the few long tenured employees (turnover is extremely high) and loved it until the founder/CEO Bob Coughlin stepped down to take the chairman position on the board. When the new CEO Raul took over operations everything in the company changed. What used to be the guiding principles of the company of taking care of your employees and clients first faded very quickly. It was very clear that the new CEO was brought in to take the company public and nothing seemed to matter except the bottom line. If I were a new CEO I would probably refrain from vulgar language and fear tactics on company wide meetings. When COVID 19 first started to become news and for the first couple of months everyone was told the company was doing great and we are working to cut costs through unnecessary partnerships etc. nothing was ever mentioned about mass layoffs/ paycuts for employees. On April 17th they laid off 400 or so employees with no warning or reasonable explanation. Although severance packages and bonus payouts were high the attitude of HR after separation was almost cruel, no access to the system to get previous paystubs or tax documents (even though Paycors clients have that option available for their terminated employees). Requests for that information was met with very short and terse responses. If the company was doing so well and was planning for the future it sure seemed like quite the coincidence to lay-off that much of the workforce prior to the fiscal year end of June 30th, seems more likely that COVID 19 was used as an excuse to trim costs and bloat the bottom line numbers for the year. My guess is that shortly after July 1st Paycor will start to hire in mass.
