- Gets rid of employees who were on the fence of leaving anyway
- No need to pay out unemployment
- No need to pay out unused PTO (depends on the state)
- No need to notify months in advance (WARN act [1]) or risk heavy fines
- End up with "loyal" employees in the end
If they can get through the short-term pain of losing some good workers, it will eventually balance out, and the show will go on.
[1]
https://www.dol.gov/agencies/eta/layoffs/warn
https://www.warntracker.com
- Gets rid of employees who were on the fence of leaving anyway
- No need to pay out unemployment
- No need to pay out unused PTO (depends on the state)
- No need to notify months in advance (WARN act [1]) or risk heavy fines
- End up with "loyal" employees in the end
If they can get through the short-term pain of losing some good workers, it will eventually balance out, and the show will go on.
[1]
https://www.dol.gov/agencies/eta/layoffs/warn
https://www.warntracker.com