News & Analysis as of

Risk Management Layoffs

Proskauer Rose LLP

Managing Legal and Reputational Risks When Right-Sizing Your Workforce

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Reductions in force can help lower your company’s operating expenses, but if not undertaken with empathy, they might have the opposite effect. The “Great Resignation” has left a general scarcity of employees in the labor...more

Goodwin

Ten Action Items for Employers When Planning Layoffs

Goodwin on

​​​​​​​A frequently used step to control costs in times of uncertainty is to reduce personnel. A well-planned restructuring or reduction in force, generally referred to as a “layoff,” can achieve meaningful cost reductions...more

McDermott Will & Emery

Betriebsschließungen wegen COVID-19

Erste Gerichtsentscheidungen bejahen Lohnfortzahlungspflicht des Arbeitgebers - 1. DIE FRAGE DES BETRIEBSRISIKOS, § 615 S. 3 BGB - Ob der Arbeitgeber die Gehälter seiner Arbeitnehmer selbst dann weiterbezahlen muss,...more

Health Care Compliance Association (HCCA)

[Virtual Event] 2021 Virtual Regional Healthcare Compliance Conference - Atlanta, GA - January 22nd, 8:25 am - 5:30 pm EST

Our Virtual Regional Healthcare Compliance Conferences provide updates on the latest news in regulatory requirement, compliance enforcement, and strategies to develop effective compliance programs. Watch, listen, and ask...more

White & Case LLP

Replacing Pay with Equity to Preserve Cash in a COVID Economy

White & Case LLP on

As pandemic effects linger, companies intent on avoiding layoffs are looking at compensating workers with equity in lieu of cash as part of their pay. In August 2020, the United Kingdom began winding down its Coronavirus...more

Robins Kaplan LLP

Financial Daily Dose 10.8.2020 | Top Story: Feds fine Citi $400M over “Longstanding” Governance Failures

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Federal regulators—including the Federal Reserve and the OCC—have fined Citigroup $400 million over “longstanding” failures in the areas of risk management, data governance, and internal controls. In addition to the fine, the...more

Robins Kaplan LLP

Financial Daily Dose 9.15.2020 | Top Story: Citi Faces Federal Risk-Management Inquiry, Resumes Job Cuts

Robins Kaplan LLP on

Federal authorities are prepping to “reprimand Citigroup Inc. for failing to improve its risk-management systems—an expansive set of technology and procedures designed to detect problematic transactions, risky trades and...more

Mintz - Intellectual Property Viewpoints

Keeping (Trade) Secrets Amid a Reduction in Force

With the US economy officially in a recession as of June and business closures continuing due to rising coronavirus infection rates, more companies may need to conduct layoffs in the coming months. Although discharging...more

Seyfarth Shaw LLP

No Good Deed Goes Unpunished: Return to Work May Mean Reduced Protections for Trade Secrets and Customer Goodwill

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Tens of millions of employees have been laid off or furloughed as a result of the COVID-19 pandemic. Now that the reopening process has begun in most states, many of those employees are being rehired and reactivated. ...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Five Issues to Consider When Returning Furloughed and Laid Off Employees to Work

As the nation slowly reopens for business, employers and employees are understandably filled with uncertainty. For many employees, there is uncertainty about the risks involved with returning to work....more

Holland & Knight LLP

COVID-19 RIF Checklist: Key Issues to Consider in Reductions in Force

Holland & Knight LLP on

The coronavirus pandemic has demonstrated that even historically successful organizations may be forced to reduce employee headcount to maintain economic viability. Reducing employees' pay or hours, or sending them home on...more

Neal, Gerber & Eisenberg LLP

Back to Basics: Managing Through COVID-19 with Traditional Labor Law | Part 1

Like no other phenomenon, the COVID-19 pandemic has disrupted the operations of virtually every business, causing each entity to reevaluate every facet of how it operates. ...more

Foley & Lardner LLP

Employee Benefits Issues When Implementing Employee Salary Reductions Due to Coronavirus

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As the novel coronavirus pandemic continues to impact businesses across the country and the world, many employers have implemented, or are considering, employee salary or wage reductions as one way to reduce overall business...more

Foley & Lardner LLP

Employers May Be Able to Avoid WARN Notices for Furloughs Under Six Months

Foley & Lardner LLP on

With numerous furloughs and layoffs occurring around the country because of COVID-19 fallout, employers may have the ability to avoid cumbersome WARN Act notice requirements. Specifically, if employers furlough employees...more

Lathrop GPM

COVID 19 – Restrictive Covenants and Trade Secret Protection During the “New Normal”

Lathrop GPM on

Many employers are facing the difficult realization that layoffs might be necessary to save their business in the short term. Additionally, with many employees working remotely from home, employers face new challenges for...more

Kramer Levin Naftalis & Frankel LLP

Employment Implications of COVID-19

As COVID-19 spreads across the United States, it is having a profound impact on employment relationships. With the situation changing daily, employers are making decisions that may impact the health of their employees, their...more

Goulston & Storrs PC

Managing your Workforce in Unprecedented Times

Goulston & Storrs PC on

The novel coronavirus (COVID-19) pandemic has reached almost all U.S. states, the District of Columbia, and Puerto Rico.  It appears that COVID-19 originated in China’s Hubei province and it presents the greatest risk to...more

Foley Hoag LLP

COVID-19: FAQs for Employers

Foley Hoag LLP on

As concerns about the outbreak of coronavirus disease 2019 (COVID-19) continue to mount in the United States (and world-wide), resulting in school and business closures and other disruptions across the country, employers are...more

Troutman Pepper

COVID-19: Employment FAQs

Troutman Pepper on

As the COVID-19 coronavirus continues to present challenges to employers worldwide, we have created this frequently asked questions document to answer some of the most common questions we have been hearing from clients,...more

Littler

COSTA RICA: COVID-19 (Coronavirus) – Employer FAQs

Littler on

Given COVID-19’s rapid spread and implications, employers are confronting difficult questions regarding how to handle safety and health rules, travel restrictions, privacy of employees’ health information, compensation, and...more

Littler

GERMANY: COVID-19 (Coronavirus) – Employer FAQs

Littler on

The spread of the novel coronavirus (COVID-19) across the globe remains a significant concern in the workplace. Employers are confronting difficult questions regarding how to handle safety and health rules, travel...more

Littler

COLOMBIA: COVID-19 (Coronavirus) – Employer FAQs

Littler on

On March 11, 2020, Colombia’s Health Ministry declared that every person arriving from China, Spain, Italy and France must self-isolate for 14 days from the date of their arrival in Colombia....more

Littler

Furloughs and Other Temporary Responses to Coronavirus (COVID-19) Disruptions

Littler on

Among the many issues employers are facing in the wake of the spread of the novel coronavirus (COVID-19) is the possibility of furloughs, temporary office and location closings, and short-term layoffs. A furlough involves...more

Littler

UNITED KINGDOM: COVID-19 (Coronavirus) – Employer FAQs

Littler on

The spread of the novel coronavirus (COVID-19) across the globe remains a significant concern in the workplace. Employers are confronting difficult questions regarding how to handle safety and health rules, travel...more

Littler

Thinking It Through: Wage and Hour Implications of Employer Responses to the Coronavirus

Littler on

The spread of the novel coronavirus and associated outbreak of the COVID-19 disease raise challenging questions for employers. This article will describe some of the U.S. wage and hour implications resulting from employers’...more

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