News & Analysis as of

Layoffs Reduction of Force

Holland & Knight LLP

GAO and OIG to Investigate the CFPB's Recent Staff Reductions

Holland & Knight LLP on

U.S. Sen. Elizabeth Warren (D-Mass.), on behalf of 40 Democratic Senators, wrote a letter to CFPB Acting Director Russell Vought on April 28, 2025, expressing "grave concerns" about the agency's ability to fulfill more than...more

Orrick, Herrington & Sutcliffe LLP

CFPB issues reduction in force, district court holds hearing and delays firings

On April 17, the CFPB issued a reduction in force (RIF) to notify employees of their release due to the elimination of their positions. In the RIF, the Bureau stated reductions were necessary to restructure the Bureau’s...more

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

5 Key Multistate Considerations When Handling Reductions in Force

Despite some recent positive signs for the U.S. economy, many companies still face the prospect of reductions in force (RIFs), which can be challenging and involve complex processes that require careful planning and...more

Fox Rothschild LLP

Conducting a Respectful RIF

Fox Rothschild LLP on

With 38% of companies expecting to layoff employees in 2024, the start of the new year has already seen the announcements of thousands of employee layoffs across all sectors. What’s more is that disgruntled employees have...more

Amundsen Davis LLC

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

Amundsen Davis LLC on

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

Jackson Lewis P.C.

Updated New York WARN Act Regulations Address Post-Pandemic Environment, Add Employer Obligations

Jackson Lewis P.C. on

The New York State Department of Labor (NYSDOL) has released amended New York State Worker Adjustment and Retraining Act (NYS WARN) Regulations that, in large part, respond to the unique issues presented during the COVID-19...more

Fox Rothschild LLP

Five Types of Class Action Risks Following a Layoff

Fox Rothschild LLP on

Lately it seems like you can’t go a day without seeing news of another round of layoffs affecting workers and companies across the U.S. As companies seek to cut costs, however, they should be wary of the legal risks that come...more

Amundsen Davis LLC

Terminations, Layoffs, and Separations – an Employer Refresher

Amundsen Davis LLC on

There seems to be an almost daily litany of layoffs by large corporations that instantly become media fodder. For example, McDonald’s recent layoff, widely reported to have impacted hundreds of white collar employees, comes...more

Morrison & Foerster LLP

Key Considerations for Navigating Workforce Reductions During Uncertain Economic Times

With a potential recession looming and a growing number of companies announcing significant layoffs almost daily, employers are increasingly considering reductions in force (RIFs) to weather the financial uncertainty in the...more

Polsinelli

Employers Beware: Risks with Reductions in Force Involving a Remote Workforce

Polsinelli on

​​​​​​​Employers considering a reduction in force involving remote workers may be subject to the Worker Adjustment and Retraining Notification Act (the “WARN Act”) (29 U.S.C. §2100 et. seq.) and corresponding state...more

Fisher Phillips

IRS Guidance On The Effect Of COVID-19 On Partial Plan Terminations

Fisher Phillips on

COVID-19 has forced many employers to reduce their workforce through furloughs or layoffs. These reductions may cause employers to experience a partial plan termination of their qualified retirement plans, which requires 100%...more

Rivkin Radler LLP

COVID-19 Update: NY Releases Guidance on Workforce Reduction Order

Rivkin Radler LLP on

Governor Cuomo announced on March 20, 2020, that he will be expanding Executive Order 206.7 and directing all non-essential businesses and keep all in-office staff home.  This announcement comes one day after Governor Cuomo...more

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