Layoff, Termination of employment, Furlough, Severance package, Employment, Employment compensation

Companies Choose Furloughs Over Layoffs to Manage Coronavirus Slowdown

On Jul 5, 2020
@WSJ shared
Pandemic math has companies picking furloughs, not layoffs https://t.co/dkHLjVNuVD
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After years of effort to secure skilled talent in a tight labor market, many finance chiefs are finding it makes sense to spend a little more to keep hard-won employees tethered to businesses.

www.wsj.com
On Jul 5, 2020
@WSJ shared
Pandemic math has companies picking furloughs, not layoffs https://t.co/dkHLjVNuVD
Open

Companies Choose Furloughs Over Layoffs to Manage Coronavirus Slowdown

Companies Choose Furloughs Over Layoffs to Manage Coronavirus Slowdown

After years of effort to secure skilled talent in a tight labor market, many finance chiefs are finding it makes sense to spend a little more to keep hard-won employees tethered to ...

Coronavirus Layoffs: Airbnb Sheds 1,900 Employees Amid Pandemic

Coronavirus Layoffs: Airbnb Sheds 1,900 Employees Amid Pandemic

The national crisis, spurred by the spread of coronavirus, has impacted nearly every industry.

Look Before You Lay Off

Look Before You Lay Off

Downsizing in a downturn can do more harm than good.

Planning and Managing Layoffs

Planning and Managing Layoffs

How you handle a layoff, how you communicate it to the people impacted, and how you manage and lead throughout the process really matters. It takes careful thought and planning, but it may ...

Column: Advice to CEOs on Their Upcoming Layoffs – From Someone Who Has Done it Before

Column: Advice to CEOs on Their Upcoming Layoffs – From Someone Who Has Done it Before

No matter the cause of the recession, the fundamentals of preparing a business for an extended economic downturn are the same — as are the fundamentals of compassionately handling layoffs.

U.S. companies criticized for cutting jobs rather than investor payouts

U.S. companies criticized for cutting jobs rather than investor payouts

U.S. companies laying off workers in response to the coronavirus pandemic but still paying dividends and buying back shares are drawing criticism from labor unions, pension fund advisers, ...

Some cannabis businesses add employees, others mull layoffs in response to coronavirus crisis

Some cannabis businesses add employees, others mull layoffs in response to coronavirus crisis

Marijuana businesses navigating staffing issues during the COVID-19 outbreak are taking different tacks as they strive to keep their employees and customers healthy and safe - while keeping ...

A Second Round of Coronavirus Layoffs Has Begun. Few Are Safe.

A Second Round of Coronavirus Layoffs Has Begun. Few Are Safe.

People who thought their jobs were secure, including white-collar professionals, increasingly face unemployment as the pandemic causes economic pain across industries.

Plain Dealer lays off a third of unionized newsroom staff

Plain Dealer lays off a third of unionized newsroom staff

Notice was given to 14 reporters, photographers and editors on Monday. The Guild voted to extend its contract with The Plain Dealer two years.

WeWork is rolling out global layoffs over Zoom as the coworking giant struggles to cope with coronavirus fallout

WeWork is rolling out global layoffs over Zoom as the coworking giant struggles to cope with coronavirus fallout

Other venture-backed competitors, including Knotel, Industrious, and Convene, have laid off hundreds as the pandemic drives down demand for office.

Uber, Lyft and Airbnb cut thousands of jobs as pandemic batters Silicon Valley

Uber, Lyft and Airbnb cut thousands of jobs as pandemic batters Silicon Valley

Juul, Yelp and hundreds of startups among tech firms cutting jobs while Amazon and Zoom see huge boosts

1,200 Airport Workers in N.Y.C. Area Abruptly Laid Off With No Severance

1,200 Airport Workers in N.Y.C. Area Abruptly Laid Off With No Severance

Amid the spreading pandemic, thousands of employees of businesses in the airports around New York City may have their benefits cut off.

Trinity Health projects $2 billion less revenue, will lay off staff

Trinity Health projects $2 billion less revenue, will lay off staff

Trinity Health expects to draw $17.3 billion in operating revenue in fiscal 2021, compared with $19.3 billion in fiscal 2019. It will lay off and furlough more employees after a previous ...