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Bloomberg | March 15, 2020
We’re tracking the latest on the coronavirus outbreak and the global response. Sign up here for our daily newsletter on what you need to know. Scandinavian airline SAS AB will temporarily lay off up to 10,000 employees, or 90% of its workforce, in response to the fallout from the coronavirus and related measures from authorities that have restricted international air travel. “It is important to say that we do not intend this to lead to permanent layoffs,” said the company&rsquo...
Cornerstone | August 09, 2021
Cornerstone OnDemand, Inc a global leader in talent management software, today announced it has entered into a definitive agreement to be acquired by Clearlake Capital Group, L.P. (together with certain of its affiliates, “Clearlake”), a leading private equity firm. Under the terms of the agreement, Clearlake will acquire the outstanding shares of Cornerstone common stock for $57.50 per share in cash. The transaction has an enterprise value of approximately $5.2 billion.
ControlUp | October 06, 2021
ControlUp, the industry leader in Digital Employee Experience management, is excited to announce VMware will resell ControlUp's new digital employee experience management solutions, making them available to VMware Horizon customers. ControlUp Remote DX and Scoutbees solutions provide Horizon customers with a unique window into remote workers' local area networks, and perform synthetic testing to spot potential problem areas before they result in employee frustration and hamper productivi...
HR Dive | January 27, 2020
New Jersey Gov. Phil Murphy, D, signed a law (S-3170/A-5145) Jan. 21 that requires increased notice time, as well as severance pay, for certain plant closures, transfers and mass layoffs. The law, which takes effect July 19, requires employers with 100 or more employees to provide at least 90 days' notice of any move or closure that will result in a layoff of 50 or more employees over a period of 30 days or less. The previous notice period was 60 days and part-time employees now count toward...
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