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Paycom has assured its affected employees that they will get transition assistance, including severance packages and access to internal job opportunities.
Paycom filed a WARN notice Wednesday with the Oklahoma Employment Securities Commission that it's laying off 544 workers who are being replaced by AI.
The action, announced Wednesday morning, is the first major layoff for the company since it was founded in 1998. Here's what to now about the company.
Paycom has laid off over 500 positions in Oklahoma, citing AI-driven restructuring as the reason. The company assures that only back-office roles are affected, while client-facing jobs remain secure.
According to the Oklahoman, Paycom, based in Oklahoma City, is transitioning to automation and artificial intelligence technologies.