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Memphis-based logistics giant FedEx is reducing its headcount as it works to "streamline and realign functions." FedEx confirms layoffs, says 'small number of positions' eliminated: Here's what we ...
In the weeks since President Donald Trump has assumed office, more than 200,000 federal workers at more than a dozen agencies have had their roles eliminated. The mass culling stems in large part ...
Of those job losses, 700,000 stem from layoffs at just 25 companies, according to 24/7 Wall Street's analysis of data from employment consulting firm Challenger, Gray & Christmas.
The Worker Adjustment and Retraining Notification Act of 1988 (the "WARN Act") is a U.S. labor law that protects employees, their families, and communities by requiring most employers with 100 or more employees to provide notification 60 calendar days in advance of planned closings and mass layoffs of employees. [1]
A less severe form of involuntary termination is often referred to as a layoff (also redundancy or being made redundant in British English). A layoff is usually not strictly related to personal performance but instead due to economic cycles or the company's need to restructure itself, the firm itself going out of business, or a change in the function of the employer (for example, a certain ...
The Office of Personnel Management, which oversees the personal information of millions of past and current government workers, has eliminated its entire 40-strong procurement team and gutted a ...
Shipping company FedEx (FDX), often viewed as a bellwether for the economy, reported that its fiscal first quarter earnings more than doubled to $380 million, or $1.20 per share, from $181 million ...
Starting with Arizona in 2009, certain states and districts have been passing laws which prohibit seniority from being the deciding factor in layoff decisions. Maine, Louisiana, and District of Columbia use multiple criteria in determining layoffs, and numerous other states are trending towards performance based over seniority based layoffs. [15]