How To Conduct a Compliant Business Reorganization or Reduction in Force
Business reorganizations and reductions in force are a normal part of the business lifecycle, particularly during an adverse economic period. This article discusses some of the more common legal risks associated with reorganization methods, as well as best practices to mitigate those risks.
November 03, 2023 at 10:00 AM
8 minute read
Business reorganizations and reductions in force (RIFs) are a normal part of the business lifecycle, particularly during an adverse economic period. These measures can help businesses find new ways to save on labor costs, eliminate redundancies, and increase workforce efficiency. If not implemented correctly, however, business reorganizations and RIFs can also result in potentially substantial liability for U.S. businesses.
In this article, we will discuss some of the more common legal risks and considerations associated with such measures, as well as best practices to mitigate those risks.
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