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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.
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 copywriter who was laid off nine months ago has given up their job search and moved home. They said the job market is gruelling.
Firms announced 55,597 layoffs last month, down 23.7% from the 72,821 announced in September, outplacement firm Challenger, Gray and Christmas said. Layoffs would have been even lower last month ...
West Des Moines-based Innovation Refunds has announced another round of layoffs, this time paring its workforce by 44 workers. It said the reduction in staff was effective Feb. 22.
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 ...
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] LEAP Office 10 was launched at the NSW State Legal Conference in August 2010. [10]