Reported 4 months ago
As layoffs become necessary for small businesses due to inflation and rising costs, tips on how to handle them professionally are provided. Compliance with regulations like the WARN Act is essential, along with crafting a layoff plan, providing clear communication to employees, and supporting them with information on severance and benefits. The expectation for more cuts in the future due to tightening labor markets and rising labor costs is also discussed.
Source: YAHOO