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The shift is a tone change from mass tech layoffs in recent years, which have largely been blamed on cost-cutting. Meta has said even it plans to replace workers who have been laid off.
Workday is laying off 1,750 employees, essentially cutting down its total workforce by 8.5%, CEO Carl Eschenbach announced Wednesday.
Meta’s layoffs were supposed to affect only the lowest-performing workers at the company. But laid-off employees have shared they received positive performance reviews and their jobs were cut ...
A layoff [1] or downsizing is the temporary suspension or permanent termination of employment of an employee or, more commonly, a group of employees (collective layoff) [2] for business reasons, such as personnel management or downsizing an organization.
The career tenure of a median federal government worker was 6.5 years in 2024, according to Bureau of Labor Statistics data, well above the median 3.5 years private workers have spent in their roles.
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]
At the height of the coronavirus pandemic last spring, the heads of U.S. banks including Morgan Stanley <MS.N>, Bank of America Corp <BAC.N> and others pledged not to cut any jobs in 2020 because ...
In Austria, the introduction of Kurzarbeit requires a special arrangement between what are called the "social partners" of Austrian collective bargaining—the Chamber of Commerce representing employers and the labor unions representing employees—on the scope and duration of the Kurzarbeit arrangement, the conditions for any layoffs during the arrangement, and the extent of any professional ...