For more information regarding the coronavirus, please visit our Coronavirus Resource Center.

Key takeaways:

• As the COVID-19 pandemic continues to unfold, many companies are choosing from a menu of options to control labor costs, including layoffs, furloughs, or temporary reductions in work hours or wages, based on their current or future business needs.
• When evaluating the options, companies should stay mindful of certain legal requirements and risks applicable to layoffs, furloughs, and reducing hours for employees.