With a potential recession looming and a growing number of companies announcing significant layoffs almost daily, employers are increasingly considering reductions in force (RIFs) to weather the financial uncertainty in the markets. Although RIFs can be a necessary measure to preserve financial resources and help to refocus business priorities, RIFs can present significant legal and business risks and require thoughtful and careful planning. Employers anticipating a RIF for their U.S. workforce should be prepared to address the following key considerations to help navigate and potentially mitigate the risks associated with a layoff.
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