Bypassing Public Disclosures (WARN Act & SEC Filings)
Reclassifying headcount reductions as individual performance terminations directly suppresses public visibility:
No WARN Act Filings: The federal Worker Adjustment and Retraining Notification (WARN) Act requires 60 days' advance notice for mass layoffs. Terminating individuals incrementally for "performance" does not trigger WARN criteria, allowing headcount to shrink without state notice.
SEC Accounting: Formal RIF payouts require clear line-item disclosures under "Restructuring and Severance Charges" in quarterly SEC filings. Performance firings are absorbed into normal operational overhead, hiding the true scope of white-collar workforce reductions from investors and news outlets.
3 replies (most recent on top)
I agree with the above statements. But this is not just Ford. The corporations make the rules and politician get their lobbysts. If we are talking about Ford, this Ford Foundation Ltd and etc.
@OP DUH. It's Ford.You knew what you were hiring into. So QUIT WHINING!😭
This is exactly what they are doing. Trying to hide it with very targeted reductions, so as not to notify government agencies.
If one does not take the severance, and instead takes Ford to task through the legal justice system, how is payment recorded then? This undoubtedly would require signing an NDA, but how is it shown on the balance sheet in cases like this?