Musk recently weighed in on Twitter, saying, ", which is 50% more than legally required." Twitter representatives did not respond to CNBC Make It requests for comment.
And it's not the only tech giant cutting staff: Meta, parent company of Facebook, announced this weekIt remains to be seen if the courts will find the Twitter layoffs violated employee rights. Meanwhile, it's helpful to understand this law and your own rights in the case of a mass layoff.Companies must have 100 full-time employees, only covers workers who work for more sizeable employers.
The company doing layoffs must have 100 or more full-time employees, not including those who've been there less than 6 months and those who work less than 20 hours per week. It must also be a private, for-profit business; a private non-profit organization; a publicly traded company; or a "quasi-public" organization separate from the government.
There are two types of layoffs that fall under the jurisdiction of the act: a plant closing and a mass layoff. Each has its own parameters. A plant closing, for example, happens when an employer shuts down an operating unit within a single site of employment, resulting in a layoff of at least 50 full-time employees. A mass layoff can occur when an employer lets go 500 or more full-time employees at a single employment site.
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