@dissectmarkets Possibly not, because these numbers still represent only a fraction of ADP's total business. And also it stands to reason that the individuals who were let go will take up new jobs at companies who are also clients of ADP.
Not here to generalize, but a lot of large tech companies hired way too many people too fast over the last 10 years and they knew it. Was only a matter of time before they needed people who worked remotely for 5 hours a week hardly making an impact to the company off their balance sheet. I feel for many of those legitImately impacted, but a lot of the remote work people milking the system’s time has finally come