Because a wide range of factors influence business success, no industry or organization can consider itself completely immune to the possibility of layoffs—not even yours. On the positive side, the National Bureau of Economic Research reports that layoffs are...
Finding a new job is often a challenging task, especially if you’re feeling angry, panicked, or demoralized after a layoff. This is why many companies today offer outgoing employees outplacement services, also known as career transition support. These services...
When organizations go through a restructuring, departments are often merged, whittled down, or eliminated altogether, leading to layoffs. As an HR professional, you play a key part in the layoff process. In addition to taking care of the logistics of layoff meetings...
A business restructuring can be a positive time of evolution for an organization. The ensuing changes, however, often require layoffs that can be emotionally challenging for all involved—as well as complicated to manage from a legal standpoint. One important legal...
From late 2007 until the summer of 2009, the U.S. experienced the worst recession since the Great Depression. In 2008 alone, foreclosures went up 81%, with almost 900,000 families losing their homes. Between 2008 and 2010, one in five Americans lost their...
