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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 way layoffs affect the economy varies from the industry that is doing the layoffs and the size of the layoff. If an industry that employs a majority of a region (freight in the northeast for example) suffers and has to lay employees off, there will be mass unemployment in an economically rich area.
Sun Microsystems, Inc., often known as Sun for short, was an American technology company that existed from 1982 to 2010 [2] which developed and sold computers, computer components, software, and information technology services. Sun contributed significantly to the evolution of several key computing technologies, among them Unix, RISC processors ...
LEAP Legal Software was founded in 1992 by Christian Beck. [6] In 2008, LEAP acquired LegalPax, a provider of automated forms and precedents to law firms in Queensland. [7] At the beginning of 2010, LEAP launched a cloud software called LEAP Expedite. [8] It also purchased BING! Software, a family law precedents business. [9]
Firms announced 72,821 layoffs last month, down 4% from the 75,891 announced in August, which had been the highest since March, outplacement firm Challenger, Gray and Christmas said. That increase ...
Certain industries figure prominently on this list of layoff kings. The auto industry, for example, is estimated to have cut nearly 200,000 jobs in the U.S. since 2006. ... The financial services ...
The Amazon managers who were laid off are salaried employees who might make somewhere between $60,000 and $80,000 a year in the U.S in base pay if they were promoted internally.
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]