In the wake of the coronavirus pandemic, employers are facing serious decisions about how to keep their businesses afloat. With payroll topping the list of costs for most employers, many companies are having to consider some type of furlough or layoff of their employees. This is especially true for businesses impacted by government shelter-in-place orders. The recent $2 trillion stimulus package will provide some relief in the form of federal loans and grants, but it is still uncertain how quickly companies can get these funds.

During this time of grave uncertainty, it is critical for lawyers to play their “counselor” role. We must help our clients navigate these complex (and sometimes heartbreaking) employment issues, while keeping the client’s long-term business in mind. Here are some general considerations for employers thinking about a coronavirus-related layoff or furlough.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]