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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]
The most recent round of layoffs will take effect June 30. Wells Fargo’s continued layoffs were expected. Scharf announced in late 2023 he was anticipating severance costs of $750 million to $1 ...
Healthcare insurance company, Humana, announced "limited" layoffs last week, Humana spokesperson Mark Taylor confirmed to the Courier Journal.
When NAFTA was originally ratified, the U.S. federal government waxed eloquently about investing in job retraining programs to assist workers who might lose their livelihoods to cheaper labor from ...
EAPs may also provide other services to employers, such as supervisory consultations, support to troubled work teams, training and education programs, and critical incident services. The provision of employee assistance services has established business benefits, including increased productivity of employees, and a decrease in both presenteeism ...
The video game industry layoffs are a part of the broader tech industry layoffs that began in 2023; [17] many such layoffs have been attributed to artificial intelligence, [18] although increased interest rates, reduced demand from consumers and excessive hiring during the COVID-19 pandemic have also been cited as causes.
Corporate America can't seem to lay off workers fast enough. U.S. employers have already axed north of 100,000 jobs this year according to the latest figures from data firm Challenger, Gray ...
Traditionally, layoffs directly affect the employee. However, the employee terminated is not alone in this. Layoffs affect the workplace environment and the economy as well as the employee. Layoffs have a widespread effect and the three main components of layoff effects are in the workplace, to the employee, and effects to the economy.