Tag: Separation Agreements

Planning for Workforce Reductions in an Age of Inflation

By Benjamin J. Naylor and Delilah R. Cassidy, Attorneys, Snell & Wilmer Nov 20, 2023 HR Management & Compliance

Updated: Nov 20, 2023

With inflationary pressures and lingering fears of a recession, 2023 has seen layoffs in nearly every sector of the economy. But layoffs have their own price tag, which often includes severance payments to affected employees, loss of institutional knowledge, diminished employee morale, and reputational harm. Before committing to a reduction in force, employers should consider […]

A Reminder for Employers: Review Your Separation Agreements

By Mark Wiletsky, Partner, Holland & Hart LLP Oct 25, 2023 HR Management & Compliance

Updated: Oct 26, 2023

Companies routinely use separation agreements with departing employees. Through those agreements, the employee receives some type of separation benefit (typically a payment or severance) in exchange for waiving and releasing any potential claims against the company. The goal is to avoid an existing or potential dispute, claim, or lawsuit. But if companies don’t routinely review […]