From news and social media companies like Twitter, Buzzfeed, and Meta, to multinational corporations like DoorDash and Amazon, a wave of mass layoffs has swept the US in 2022.
The reason for these mass layoffs? Reducing operating costs and offsetting mounting losses.
While motivations for mass layoffs are more well-known, what may be less known are the legal requirements for temporarily suspending or permanently terminating a group of employees. In this video, we will discuss how a “layoff” differs from a “mass layoff”, what notice requirements must be provided to affected employees, and what the role is of a severance agreement.
DISCLAIMER: The material is provided for informational purposes only. It is not intended to constitute legal advice, nor does it create a client-lawyer relationship between MNK Law and any recipient. Recipients should consult with counsel before taking any actions based on the information contained within this material.