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A layoff [1] or downsizing is the temporary suspension or permanent termination of employment of an employee or, more commonly, a group of employees (collective layoff) [2] for business reasons, such as personnel management or downsizing an organization.
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]
Tesla took heat in 2024 for sending out an insensitive email about layoffs that reportedly started with "Dear Employee." GM did not respond to questions about how it handled the Nov. 15 job cuts.
In a letter sent to an employee on 20 December and seen by the BBC, the company said it had said "cash-flow challenges" meant a "re-evaluation" of its workforce would be necessary until early ...
The Worker Adjustment and Retraining Notification (WARN) Act was enacted to ensure employers warn employees in advance about plant closings and mass layoffs to allow enough time to help affected ...
Termination of employment or separation of employment is an employee's departure from a job and the end of an employee's duration with an employer. Termination may be voluntary on the employee's part ( resignation ), or it may be at the hands of the employer, often in the form of dismissal (firing) or a layoff .
Starbucks said Friday it plans an unspecified number of layoffs as it restructures its corporate staff. In a letter to employees, Starbucks Chairman and CEO Brian Niccol said the Seattle coffee ...
A furlough (/ ˈ f ɜːr l oʊ /; from Dutch: verlof, "leave of absence") is a temporary cessation of paid employment that is intended to address the special needs of a company or employer; these needs may be due to economic conditions that affect a specific employer, or to those prevailing in society as a whole. Furloughs may be short-term or ...