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Investors love layoffs right now. It's actually to avoid paying severance.

• dymk 2y ago
  Severance wasn't required in the first place, it's just a thing respectable companies do
  • TheCycoONE 2y ago
    It is in many countries, and I'm not American but I understand the WARN act provides defacto severence as few employers are willing to risk keeping an employee after they have been notified.
    • Spoom 2y ago
      As I understand it, WARN requires either two months of notice or two months of severance, to include benefits during that period (based on https://lipskylowe.com/what-is-the-worker-adjustment-and-retraining-notification-act-warn/ https://lipskylowe.com/what-is-the-worker-adjustment-and-ret...). It's not nearly as much as companies tend to provide, but that additional severance usually comes with strings attached (such as a non-disparagement clause).