Summary
More than 100 companies in the United States plan to lay off employees in November. These layoffs will affect thousands of workers and are happening as companies navigate economic challenges and restructuring needs. The Worker Adjustment and Retraining Notification (WARN) Act requires businesses to give a 60-day notice before large layoffs.
Key Facts
- Over 100 companies have announced plans for layoffs in November.
- Thousands of American workers will be affected by these layoffs.
- The layoffs come at a time of economic uncertainty and restructuring among businesses.
- The WARN Act requires a 60-day notice for mass layoffs, defined as affecting 50 or more employees within a 30-day period.
- Companies from various sectors, including technology, healthcare, and manufacturing, are among those planning layoffs.
- Notable companies on the list include Microsoft, Alphabet Inc., Salesforce, and Oracle America.
- President Trump's changes to the federal workforce have contributed to some of these layoffs.
- Economic factors include trade policy changes and recent government shutdowns.
