News & Analysis as of

Layoffs Economic Downturn

Amundsen Davis LLC

As Talk of the Economy Cooling Persists, Employers are Reducing their Workforces

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As talk of an economic slowdown persists, so have the number of layoff an- nouncements hitting the news. While the last quarter of 2022 saw the technology and financial sectors lay off thousands of workers, in 2023, this...more

Foley & Lardner LLP

What Every Multinational Company Should Know About . . . Navigating Economic Downturns through Racial Equity Audits

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A strong correlation exists between a multinational company’s Diversity, Equity & Inclusion (DEI) efforts and the company’s financial performance. Racial equity audits often are utilized to measure the precise quality and...more

Littler

Littler Employer Pulse Survey Report: 2023 Economic Outlook

Littler on

The economy has been awash with mixed messages in recent months – throwing a wrench into many employers’ workforce planning for 2023. Even as inflation persists and layoffs at major companies continue to drive headlines,...more

Mitratech Holdings, Inc

HR Trends for 2023 and Beyond

The top 5 HR trends shaping the future of work. As we step into 2023, HR leaders are faced with the challenge of staying ahead of the curve in an ever-evolving workforce landscape. In the past 3 years, we’ve navigated a...more

Foley & Lardner LLP

Reductions in Force: Some High-Level Issues To Consider

Foley & Lardner LLP on

As the country continues to navigate an economic downturn and employers discuss the possibility of reducing their workforce, employers should be aware that there are several layers to conducting a reduction in force,...more

Epiq

A Note to CFOs From the Legal Industry

Epiq on

As economists debate whether the world economy is headed for a recession with a “small r,” a “slowcession" or a “soft landing,” CFOs are increasingly turning to the most common way to reduce cost - layoffs....more

BCLP

PRC Legal Update: Termination of Employment in China and Issues to Note during Covid-19 Pandemic

BCLP on

Termination of employment by employers in China is virtually never easy even in absence of a crisis situation. When it comes to the economic downturn, employee dismissal becomes far more sensitive....more

Goodwin

Benefit Plan Considerations for Employers in a Market Downturn

Goodwin on

​​​​​​​When markets are unpredictable, employers may be required to make business decisions that can have unanticipated effects on their retirement and health and welfare benefit plans. Employers should keep the following...more

Williams Mullen

[Webinar] Ideas for Businesses to Navigate Economic Uncertainty - October 25th, 8:30 am - 11:00 am ET

Williams Mullen on

...join us for Ideas for Businesses to Navigate Economic Uncertainty, a webinar comprised of brief - only 15 minutes each! - presentations tailored to meet the needs of senior executives and leaders of in-house legal...more

Parker Poe Adams & Bernstein LLP

Employers May Be Reluctant to Reduce Headcount to Address Business Slowdown

​​​​​​​When we talk with clients about their businesses these days, the universal complaint we receive from every type of company is the difficulty they continue to have in attracting and retaining qualified workers. Ever...more

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

Stabilizing Employment Through State Unemployment Workshare Programs

​​​​​​​Is the U.S. economy trending toward recession? Rumors of a recession are circulating. Many companies are considering, or have already implemented, plans to reduce overall headcount....more

Akerman LLP - HR Defense

COVID Infections May Be Down But COVID Lawsuits Are Up: What Employers Should Consider

It comes as no surprise that employee claims against employers are on the rise. In the early months of the COVID-19 pandemic, there was a drastic decline in newly filed employment-related lawsuits. The decline was likely the...more

Robins Kaplan LLP

Financial Daily Dose 11.25.2020 | Top Story: Dow Jones Hits 30,000 Mark

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The official transition to a new administration and early Cabinet selections helped drive Wall Street to new highs on Tuesday, with the Dow topping 30,000 for the first time and the S&P 500 up 1.6% to another new high, too....more

Robins Kaplan LLP

Financial Daily Dose 11.19.2020 | Top Story: FAA Clears Boeing’s Troubled 737 Max to Return to Skies

Robins Kaplan LLP on

The FAA has once again given Boeing the green light to send its troubled 737 Max models into the sky, “20 months after it was grounded following two fatal crashes blamed on faulty software and a host of company and government...more

Robins Kaplan LLP

Financial Daily Dose 10.29.2020 | Top Story: Stocks Lose Most Since June as Renewed Covid Fears Set In

Robins Kaplan LLP on

Wall Street had another come-to-Jesus day over the troubling recent Covid trends, as surging cases throughout the U.S. and across Europe drove markets to their worst performance since June....more

Robins Kaplan LLP

Financial Daily Dose 10.12.2020 | Top Story: Court Rules Apple Doesn’t Have to Offer Fortnite in App Store

Robins Kaplan LLP on

Big Friday win for Apple in its ongoing battle with Epic Games, as N.D. Cal. Federal Judge Yvonne Gonzalez Rogers ruled that Cook & Co. didn’t “need to reinstate the popular video game Fortnite in its App Store,” a blow to...more

Robins Kaplan LLP

Financial Daily Dose 10.9.2020 | Top Story: New Jobless Claims Top 800,000 Again As U.S. Recovery Stalls

Robins Kaplan LLP on

Yesterday’s jobless numbers were down a bit from a week earlier but still topped 800,000 for the 4th week in a row. “Claims remain above the pre-pandemic peak of 695,000 and are higher than in any previous recession for...more

Robins Kaplan LLP

Financial Daily Dose 10.2.2020 | Top Story: Covid-Infected POTUS Injects Volatility to Skittish Global Markets

Robins Kaplan LLP on

Markets globally and U.S. futures are down as investors digest the news out of D.C. overnight... Jobs Report Friday again. Here’s what we’re watching for in the numbers....more

Robins Kaplan LLP

Financial Daily Dose 10.1.2020 | Top Story: Palantir and Asana Make Strong Showing In Direct Listing Public Debut

Robins Kaplan LLP on

Palantir’s direct listing experiment generally went well yesterday, with the company’s shares beginning trading up nearly 40% from the $7.25 reference price set Tuesday evening. Fellow direct lister Asana also had a good...more

Robins Kaplan LLP

Financial Daily Dose 9.25.2020 | Top Story: US Jobless Claims Rise As Recovery Stagnates

Robins Kaplan LLP on

New U.S. unemployment claims rose last week according to data released on Thursday, the latest sign that America’s recovery from the pandemic-induced recession is slowing—a “particularly worrisome” trend as cold-state...more

Robins Kaplan LLP

Financial Daily Dose 7.16.2020 | Top Story: Crypto Scheme Hacks Big-name Twitter Users

Robins Kaplan LLP on

A Twitter-based crypto scam managed to hack some high-profile accounts Wednesday. VERY high profile...more

Robins Kaplan LLP

Financial Daily Dose 6.9.2020 | Top Story: NBER Declares US Entered Recession in February

Robins Kaplan LLP on

No one—truly, not even the most casual economic observer—should be shocked by yesterday’s official declaration from the National Bureau of Economic Research that the U.S. is in a recession that officially began in February....more

Robins Kaplan LLP

Financial Daily Dose 5.22.2020 | Top Story: U.S. Sees 2.4 Million More Unemployment Claims and Concerns Over Undercounting

Robins Kaplan LLP on

This week’s latest initial unemployment filings numbered 2.4 million, a “slight drop-off in the wave of historically high weekly filings” since the pandemic hit the U.S. economy. Don’t get too excited, though. Continuing...more

Robins Kaplan LLP

Financial Daily Dose 4.15.2020 | Top Story: US and Airlines Reach Deal on Industry Bailout

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The White House and the US airline industry have agreed in principle to a $25 billion bailout after weeks of “haggling” over the terms, including whether the Treasury Department was “effectively turning the grants into loans...more

Thomas Fox - Compliance Evangelist

Navigating the Coronavirus Crisis for Compliance Professionals: Part 4 – Company Responses

This week I have been considering the role of a Chief Compliance Officer (CCO) in navigating the coronavirus crisis. One area a CCO needs to provide counseling on to his senior management and the Board of Directors is how the...more

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