NewrCQT28

ADP accidentally reverses payroll for 55K+ EY employees

https://www.ft.com/content/7d1f2f3a-34be-48fc-a5d5-317bff32f7?

New
gym-bro Jul 19, 2022

EY employees don’t deserve any better

New
rCQT28 OP Jul 19, 2022

Around 55,000 staff at EY’s US operations woke on Tuesday to find the wages they were paid on Friday had disappeared from their bank accounts after an error by the accounting firm’s payroll provider ADP. EY said ADP had “erroneously reversed EY’s July 15 payroll impacting our US employees”. The firm added that it was working urgently with ADP to fix the error, which had affected all of its roughly 55,000 US employees. Staff who had already transferred the money out of their accounts or used it to pay bills risked being left in overdraft as a result of the mistake by ADP, which is one of the world’s biggest online payroll and HR software companies with a market valuation of about $90bn. “Late fees, penalties or other charges [staff] may have incurred as a result of this error will be covered,” EY said. ADP said in a statement: “We can confirm that we experienced an error that caused a payment reversal for a group of US employees of one of our clients. We understand the urgency of this issue and our team is working swiftly to resolve this to ensure employees receive their pay as quickly as possible.”