Considering Employee Layoffs? Here Are Some Best Practices
As many companies look for ways to manage a slowing economy, employee layoffs may be one tough option they consider. On this episode, Gene Marks is talking with Lenny Feigel, labor and employment attorney at Foley and Lardner LLP, about how to best plan and prepare to lay off employees.
Topics
00:19 — Introduction to attorney Lenny Feigel
02:03 — Having a good relationship with a labor attorney
02:53 — The importance of planning when considering layoffs
05:04 — Selecting where layoffs are going
06:47 — What to consider to avoid claims of discrimination
09:11 — Should layoffs be based on performance reviews?
10:28 — What companies are offering in separation and severance
13:20 — Strategy for layoff timing: do it immediately or give time?
13:42 — The Worker Adjustment and Retraining Notification Act
15:50 — The importance of a separation agreement
19:30 — Big takeaways
20:39 — Communicating with employees that are being retained
