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In March and April 2020, a record 13.0 and 9.3 million workers (8.6% and 7.2%) were laid off, and the quit rate subsequently fell to a seven-year low of 1.6%. [35] Much of the layoffs and resignations were driven by women, who disproportionately work in industries that were affected most by the lock-downs, like service industries and childcare.
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]
Offshoring disguised as layoffs in higher-wage countries happening "coincidentally" with hiring in lower-wage countries Firing disguised as layoff (redundancy), where the motive for firing varies, including poor performance, low productivity, or even improper termination, but the employer benefits from not having to justify or document the job ...
The news was reported by A.J. Perez of Front Office Sports, who indicated that the mass layoff would include Sports Illustrated's entire staff. It comes less than a day after The Arena Group, ...
Chart 2: The number of companies in tech announcing layoffs has surged. More than 70,000 positions were eliminated across 400 plus companies globally in the last two quarters, notes Battery ...
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 layoffs - around 139 jobs - are expected to begin in the third quarter and would be completed by the end of 2024. Shares of the company, which had 925 full-time employees at the end of the ...
The JOLTS report or Job Openings and Labor Turnover Survey is a report from the Bureau of Labor Statistics measuring employment, layoffs, job openings, and quits in the United States economy. The report is released monthly and usually a month after the jobs report for the same reference period. Job separations are broken down into three ...