UKG eliminating 2,200 jobs, including some in Indianapolis
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INDIANAPOLIS - Human-resources technology company UKG Inc. is eliminating about 2,200 jobs—14% of its global workforce—including an unknown number in Indianapolis.
UKG, or Ultimate Kronos Group, which has more than 15,000 global employees, offers a software platform for handling payroll, timekeeping, employee scheduling and other human-resources functions. The company has dual headquarters in Lowell, Massachusetts, and Weston, Florida, and its locations include a downtown Indianapolis office in the PNC Center at 101 W. Washington St.
A UKG spokesperson declined to say how many Indianapolis jobs were eliminated or how many people total work at the office.
In an email sent to UKG employees Wednesday and shared with IBJ by the company, UKG CEO Chris Todd said the company is making “a number of organizational changes that will allow us to aggressively focus on critical areas of growth and to provide flexibility to actively invest in important new areas. These changes mean we have made the difficult decision to say goodbye to [about] 14% of our colleagues.”
Todd wrote that the company had originally intended to notify employees of the layoffs next week, but decided to make the announcement early because of “news and speculation” that had begun circulating within the company.
The email also said that the cuts are taking place primarily in the United States and across all departments.
As of Friday, numerous people had announced on the job networking site LinkedIn that they had lost their Indianapolis-based UKG jobs. Contacted by IBJ via that platform, several said they were not sure how many others had been let go locally.
The layoffs are a shift from two years ago, when UKG was approved for up to $2.5 million in state tax incentives based on the company’s local hiring plans. At that time, UKG had more than 300 Indianapolis employees, and it said it planned to hire an additional 200 people by the end of 2024.
According to the Indiana Economic Development Corp.’s transparency portal, UKG was approved in April 2022 for up to $2.3 million in tax credits and $200,000 in conditional training grants. The incentives are performance-based, meaning that the company was only eligible to claim the money after met job commitments.
The transparency portal shows that UKG has claimed only $81,535 in tax credits to date, and it has claimed none of the training grants.