Hasbro lays off nearly 20% of its workers two weeks before Christmas

Re:Hasbro lays off nearly 20% of its workers two weeks befor... by ska on Tuesday December 12, 2023 @04:36PM (#38618955)

Depending on the jurisdiction, severance packages may be required for mass layoffs.

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Re:Hasbro lays off nearly 20% of its workers two weeks befor... by Consultant32452 on Tuesday December 12, 2023 @05:05PM (#38619329)

The WARN act (US federal law) requires that any company with over 100 employees gives 60 days notice. If they don't provide 60 days notice, they are required to give 60 days pay.

Obviously, local laws will vary greatly.

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Re:Hasbro lays off nearly 20% of its workers two weeks befor... by dragonwriter on Tuesday December 12, 2023 @05:34PM (#38619675)

> The WARN act (US federal law) requires that any company with over 100 employees gives 60 days notice. If they don't provide 60 days notice, they are required to give 60 days pay.

Pay and compensation for the value of employee-provided benefits to which they would have been entitled had they been employed, if the layoff meets the size, etc., requirement for WARN Act coverage.

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Re:Hasbro lays off nearly 20% of its workers two weeks befor... by Macha on Tuesday December 12, 2023 @05:32PM (#38619641)

(a) A fixed 60 days pay is less than the 2 months per year with the company that has been the case in the last few tech layoffs I've observed in companies I've worked at

(b) Even for the <1 year employed, 60 days of factory pay (or instruction manual writer pay, or box artist pay, etc.) is less than 2 months of tech worker pay.

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Re:Hasbro lays off nearly 20% of its workers two weeks befor... by ska on Tuesday December 12, 2023 @06:31PM (#38620345)

> Obviously, local laws will vary greatly.

Yes this is one area where it is all over the map, and you have to check your employment jurisdiction.

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