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  2. Termination of employment - Wikipedia

    en.wikipedia.org/wiki/Termination_of_employment

    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 ...

  3. Letter of resignation - Wikipedia

    en.wikipedia.org/wiki/Letter_of_resignation

    A formal letter with minimal expression of courtesy is then-President Richard Nixon's letter of resignation under the terms of a relatively unknown law passed by Congress March 1, 1792, [1] likely drafted in response to the Constitution having no direct procedure for how a president might resign.

  4. Employee offboarding - Wikipedia

    en.wikipedia.org/wiki/Employee_offboarding

    Employee offboarding describes the separation process when an employee leaves a company. The offboarding process might involve a phased transfer of knowledge from the departing employee to a new or existing employee; an exit interview; return of any company property; and various processes from the company's human resources, information technology, or legal functions.

  5. How to Write a Retirement Letter in 2024 - AOL

    www.aol.com/write-retirement-letter-2024...

    A retirement letter serves as an official declaration of your departure from a job, giving your employer ample time to find a replacement or allocate your duties elsewhere. This strategy ensures a ...

  6. How a GM layoff email sent to employees triggered a ... - AOL

    www.aol.com/gm-layoff-email-sent-employees...

    The affected employees will receive a payment equivalent to their wages and benefits as if they were employed through Jan. 14, 2025.” WARN requires a 60-day notice before a mass layoff or plant ...

  7. Severance package - Wikipedia

    en.wikipedia.org/wiki/Severance_package

    If an employer requires an employee over 40 to review and sign a severance offer in less than the compliant 21 days, they must allow employees more time to review. [ 5 ] In February 2010, a ruling in the Western District of Michigan held that severance pay is not subject to FICA taxes, but it was overturned by the Supreme Court in March 2014.

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