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It doesn't apply to all layoffs, only those where the companies have 100+ employees and layoff 50+ employees. There are also some exceptions in the case of bank
by TheCoelacanth 10y ago
It doesn't apply to all layoffs, only those where the companies have 100+ employees and layoff 50+ employees. There are also some exceptions in the case of bankruptcy.
- mathattack 10y agoI think it would be very hard to enforce in bankruptcy. I recall running into this at another company too. Just surprised that it's not universal. I think in Wall Street they do a lot of wink-wink nod-nod that it's performance based when they lay off 5-10% of the workforce right before bonuses get paid.