News & Analysis as of

Layoffs Reduction of Force Hiring & Firing

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

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

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