Layoffs create pitfalls for finance executives looking to cut costs

wsj

3 min read . Updated: 01 Dec 2022, 06:34 PM IST Jennifer Williams-Alvarez, The Wall Street Journal

Twitter headquarters stands on 10th Street on November 4, 2022 in San Francisco, California. Twitter Inc began laying off employees across its departments on Friday as new owner Elon Musk is reportedly looking to cut around half of the company's workforce. (Image: AFP) (AFP) — Twitter headquarters stands on 10th Street on November 4, 2022 in San Francisco, California. Twitter Inc began laying off employees across its departments on Friday as new owner Elon Musk is reportedly looking to cut around half of the company's workforce. (Image: AFP) (AFP)

Companies are shedding jobs to reduce costs amid high inflation and rising interest rates, but they run the risk of violating labor laws

As some U.S. companies are turning to job cuts to reduce costs, chief financial officers and other executives are navigating a host of potential stumbling blocks.