MJP –
Is the topic of where layoffs are currently impacting the most people of interest to you? Cutting jobs in the US has become far more common this year.
But some states have felt the effects more acutely than others.
The most recent layoff news can be found on Franknez.com, so Americans can keep up with the companies who are laying off workers in their state.
Are layoffs always unjust terminations?
However, there are situations where it is possible.
One example is the existence of legislation mandating advance notice to employees of impending layoffs or cutbacks in the workforce.
When laying off fifty or more employees at one location, employers employing one hundred or more full-time employees are required to give sixty days’ notice under the Worker Adjustment and Retraining Notification Act.
“Layoff for a lack of work” is a common explanation when employees find themselves unemployed because business priorities have changed.
For some companies, severance benefits and layoffs are inseparable.
A severance package is a set of benefits and remuneration granted to an employee if their job is terminated, usually as a result of a layoff.
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Most severance packages often contain:
- An upfront payment that is usually proportional to the employee’s salary and length of service or other relevant factors health insurance coverage that is extended for a specific duration.
- A service that assists former employees in finding new employment.
- An employee who is laid off should receive financial and transitional assistance in the form of a severance package.
- A severance package’s details could differ substantially from one employer to another, from one position to another, and even from one jurisdiction to another’s labor regulations.
Where Are the Most Layoffs Occurring?
In today’s business news, unexpected layoffs in California are on the rise just before the holidays.
When it comes to layoffs in the US, WarnTracker reports that California has a longer history than any other state, with Texas following closely behind.
Just in 2024, for instance, 513 different corporations in California were involved in at least 20,730 WARN layoffs.
What companies in California are presently laying off workers?
- There will be seventy-one layoffs at Penumbra, Inc. by November 11th.
- Vertex Aerospace, LLC, doing business as V2X! Nearly forty-six jobs will be eliminated by October 31.
- There will be 196 layoffs at Cuberg, Inc. by October 19th.
- There will be 33 layoffs at Five9, Inc. on August 20.
- The Federal Trade Commission (FTC). 301 positions will be eliminated by October 18th.
- A canoe. by October 15th, 185 jobs will have been eliminated.
- Around October 14th, GRAIL, Inc. will have laid off 179 workers.
- This is Northrop Grumman. By October 14th, 430 jobs will have been eliminated.
- The 112th layoff at Pitney Bowes Inc. will take place on October 8th.
- Roseville Distribution Center, doing business as Save Mart Supermarkets, S.L. 283. Reduced workforce by October 12th.
Layoffs in your state can be found here, and if you want to stay updated, you can follow our layoff news.
