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PODCAST · 10 FEBRUARY 2023

Reduction In Force Considerations (Podcast)

Lowenstein Sandler LLP
Lowenstein Sandler LLP
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Lowenstein Sandler LLP

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Lately, more and more companies are unfortunately finding themselves in a situation where they need to lay off part of their workforce. This discussion outlines some of the high-level...

United StatesEmployment and HR
Megan Monson
Megan Monson
Julie Levinson Werner
Julie Levinson Werner
Jessica I. Kriegsfeld
Jessica I. Kriegsfeld

Lately, more and more companies are unfortunately finding themselves in a situation where they need to lay off part of their workforce. This discussion outlines some of the high-level considerations to keep in mind as companies navigate this process, including whether to offer the impacted employees' severance or other benefits like extended COBRA; whether the company should require employees to sign a release in connection with severance offer, and if there is any risk of violating the ADEA, WARN Act, or other protective state or federal statutes.

The panelists also address extending the post-termination period during which an employee might be eligible to exercise vested stock options, and the PR ramifications of layoffs.

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