Re:BloomTech, previously Lambda School, cuts half of staff
by pkaye on Thursday December 01, 2022 @09:23PM
(#33825935)
The WARN act requires 60 days of notification before a mass layoff. So the company can choose to either notify employees 60 days before layoff or pay 60 days of severance pay and layoff immediately.
Maybe trying to game unemployment insurance rates? If someone is employed they can't go on unemployment, hopefully in two months some of them find something new driving down your costs compared to firing them and having them apply right away?
It's a pipe dream if they think anyone laid off will be putting any effort in.