Paycom Layoffs: AI Automation Impact

Paycom Announces Layoffs

Paycom announced Wednesday that layoffs are occurring as the company moves forward with its artificial intelligence technologies and automation strategy.

According to a news release, the company has initiated a “workforce restructuring due to efficiencies in advanced automation and AI-driven technologies” impacting some back-office positions.

Details of the Layoffs

A source has confirmed that over 500 employees were affected by the Paycom layoffs, and the company has filed a Warn Notice. The employees impacted were notified today.

Paycom officials stated that the changes affect only non-client-facing roles that have been automated.

Company Strategy

According to the news release, Paycom has invested significantly in automating core business systems to improve operational scalability and accelerate innovation, ultimately increasing client satisfaction. These investments have created efficiencies and reduced the need to backfill or hire for roles that can be automated.

Employee Assistance

Paycom will offer transition assistance to affected employees, including severance packages, outplacement services, and access to internal job opportunities.

This is an ongoing story. More details will be provided as they become available.