Thread regarding Morgan Stanley layoffs

Why am I reading about more layoffs?

Is this just lazy journalism and somebody reporting March cuts now or are we going to lose ANOTHER 2,500 employees? Does anybody know what's going on?


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Post ID: @OP+1kt3wdddb

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Many people laid off in March are still working. Some were given 6 months notice before the actual layoff takes place. WARN is before the final payroll date not necessarily when people are told they are done. Companies due this to game the system but also they make people stay on to transition work. No severance unless you stay until your end date.

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Post ID: @1a2+1kt3wdddb

@gb NY WARN notices are issued 90 days in advance, not after no? How would a notice 90 days after everyone is already laid off be a notice at all?

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Post ID: @15c+1kt3wdddb

NY Warn act is 90 days, so from March 4 to now is...

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Post ID: @gb+1kt3wdddb

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