Summary:
– Paycom announces first mass layoffs in company history.
– 500 non-client roles cut, replaced by AI automation .
– Company pledges severance, still hiring in sales, service.
Artificial intelligence continues to reshape industries, and Oklahoma -based Paycom has become the latest large company openly acknowledging the impact of automation on its workforce.
The HR and payroll software company on Wednesday announced its plans to lay off more than 500 employees at its Oklahoma City headquarters and replace them with automated artificial intelligence.
This is the first major workforce reduction in Paycom’s history; the company cited “efficiencies in advanced automation and AI-driven technologies” as the reason for the layoffs.
“The updates impact only non-client-faci