Current location:Stellar Signals news portal > business
Layoffs can be part of running a small business. Some tips for owners on handling them
Stellar Signals news portal2024-05-29 14:55:34【business】5People have gathered around
IntroductionNEW YORK (AP) — With stubborn inflation and higher costs, layoffs at small businesses are sometimes
NEW YORK (AP) — With stubborn inflation and higher costs, layoffs at small businesses are sometimes a necessity.
U.S.-based employers announced 64,789 cuts in April, down 28% from 90,309 cuts announced in March, according to a report by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.
But Andrew Challenger, senior vice president at the firm, said he expects more cuts going forward.
“The labor market remains tight. But as labor costs continue to rise, companies will be slower to hire, and we expect further cuts will be needed,” he said. “This low April figure may be the calm before the storm.”
Here’s how to handle letting people go in a professional manner:
First, make sure you’re complying with regulations related to layoffs. The federal WARN act, or the Worker Adjustment and Retraining Notification Act, requires a 60-day notice about a planned closing or mass layoffs. But that’s only for employers with 100 or more employees.
Address of this article:http://guernsey.tokosaranateknik.com/news-01e399688.html
Very good!(4394)
Related articles
- AP sports week in pictures
- Giants place outfielder Jorge Soler on the 10
- Union push pits the United Farm Workers against a major California agricultural business
- Trump hush money trial: Defense attorneys attacks Stormy Daniels' credibility
- PNG landslide: Villagers dig with bare hands for remains of missing relatives
- Fiji's ex
- How major US stock indexes fared Wednesday, 5/8/2024
- China's exports and imports return to growth in April as demand improves
- Jessica Campbell could be candidate as an assistant in Seattle, new Kraken coach Dan Bylsma says
- From fan to hero, super sub Joselu lifts Real Madrid past Bayern and into Champions League final
Popular articles
- Up close and personal, cicadas display Nature's artwork
- Bayern offside is latest Champions League controversy for ref Marciniak after cup final successes
- Crash between truck and passenger van in China's Ningxia region kills 9 people
- Soto, Judge and Stanton homer in same game with Yankees for 1st time during 9
Recommended
Libertarians nominate Chase Oliver for president, spurning Trump and RFK Jr.
Tiger Woods to be lone player on negotiating committee with Saudis
Paralympian loses medals and equipment in Brazilian floods but is improvising to qualify for Paris
Ohio attorney general warns student protesters in masks could face felony charges under anti
Target's chief food, essentials and beauty officer on innovation in the grocery aisle
Michigan former clerk and attorney charged after alleged unauthorized access to 2020 voter data
Travis Kelce and Taylor Swift will get engaged within a YEAR, claims Dave Portnoy
Closing prices for crude oil, gold and other commodities
Links
- What to expect in Puerto Rico's Democratic presidential primary
- Early voting begins for North Carolina primary runoff races
- I'm a flight attendant
- Keleigh Teller shows off her figure in a fire
- Wild horses to remain in North Dakota's Theodore Roosevelt National Park
- South Carolina championship
- White Sox drop to 3
- Asylum seeker who killed British retiree says he was seeking revenge for the people of Gaza
- John Terry reveals Rio Ferdinand has blanked him on the beach in Dubai in a bitter 13
- 'Deadpool & Wolverine' is (almost) ready to shake up the Marvel Cinematic Universe