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The WARN Act requires that notice also be given to employees' representatives (e.g., a labor union), the local chief elected official (e.g. the mayor), and the state dislocated worker unit. The advance notice is intended to give workers and their families transition time to adjust to the prospective loss of employment, to seek and to obtain ...
Boeing has delivered layoff notices to more than 400 members of its professional aerospace labor union, part of thousands of cuts planned as the company struggles to recover from financial and ...
U.S. layoff announcements rose 7% in March to the highest since January 2023, led by technology and government-sector job eliminations, though cuts announced year to date are down 5% from a year ...
Layoff etiquette. How to properly conduct layoffs, and inform employees of them, is much debated. Last year, Goldman Sachs eliminated 3,200 jobs in a manner that received criticism. Employees had ...
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 ...
In a months-long goal to reach 7,000 job cuts total, Disney will begin its second round of layoffs of the year today. The notifications will be handed out to staff through Thursday, concluding ...
Peloton, which started its layoffs in February, has had to backpedal after its quick success, when gyms were closed in 2020. The company has eliminated about 3,000 jobs since, according to NPR.
ViacomCBS' layoffs this week also impacted CBS News and CBS-owned affiliates, the latest fallout to hit news media amid the coronavirus pandemic. The layoffs were said to make up a single-digit ...