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Company layoffsFranknez.com
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73% Informative
Thousands of unexpected layoffs now hit California as more companies file WARN notices, advising of upcoming job cuts in the state.
Cisco has advised that a whopping 5,500 employees will lose their jobs this year .
Under the Worker Adjustment and Retraining Notification Act, an employer with more than 100 full-time workers must provide a 60-day notice before laying off 50 or more people at a single site.
This federal law is intended to give workers time to seek alternative employment.
Fed Chair Jerome Powell said last week that demand has “cooled from its extremely high level of a couple of years ago ” Ian Shepherdson at Pantheon Economics said in a note earlier this quarter : “We’d need to see at least a month of elevated readings to convince us that the trend really has turned.”.
VR Score
66
Informative language
61
Neutral language
28
Article tone
formal
Language
English
Language complexity
40
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
6
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