What’s the Real Story Behind the Paycom Layoffs?

A few weeks back, you may remember that Paycom – the venerable online payroll company led by temperamental, passive-aggressive, solo CEO Chad Richison – announced a massive, on-the-record RIF, parting ways with over 500 employees.

Paycom’s excuse – like many a tech company – was that AI has arrived on the scene and it’s coming for our jobs. And instead of pushing for common-sense regulations and oversight to protect those jobs, they’re just going to acquiesce and fire everyone instead.

The local media happily took Paycom’s bait.