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The economy is unpredictable right now, and layoffs are happening like crazy. On Jan. 18, Microsoft announced it would cut 10,000 jobs to trim costs. This was not long after Amazon announced it ...
Microsoft is gearing up for another round of layoffs. The $3.1 trillion technology giant will be carefully examining and considering underperforming employees in its upcoming job cuts, two people ...
Here's how to get the best exit package after a layoff. Mandi Woodruff-Santos. Updated May 15, 2023 at 9:29 AM. To help dull the pain of a layoff, many employers offer severance packages to workers.
Severance packages are often negotiable, and employees can hire a lawyer to review the package (typically for a fee), and potentially negotiate. However, employees are never entitled to any severance package upon termination or lay-offs. [3] Severance packages vary by country depending on government regulation.
Companies such as Meta, Microsoft, BlackRock, and Chevron are conducting layoffs. Artificial intelligence is reshaping some workforces. See the list of companies letting workers go in 2025.
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]
Continue reading ->The post A Guide to Severance Packages appeared first on SmartAsset Blog. Losing your job can be a punch in the gut, both emotionally and financially. You may see it coming if ...
Microsoft employees were already expecting lackluster pay rises. In a company-wide email sent earlier this year, the tech company’s CEO Satya Nadella warned staff of salary freezes and cuts to ...