Mass Layoffs in the Mortgage Industry

Zimmerman Reed is investigating recent mass layoffs in the mortgage industry, because we are concerned that employers may be violating the Workers Adjustment and Retraining Notification Act (the WARN Act). If you have been laid off and your employer did not provide you adequate notice of the layoff, your employer may be liable to you for 60 days' worth of back pay and benefits. Both hourly and salaried workers, including some managerial employees, may be entitled to the WARN Act's protections.

What is a mass layoff? The WARN Act defines it as:

A layoff of 500 or more employees at an employment site in a 30-day period; or
A layoff of 50-499 employees if they make up at least 33% of the employer's active workforce, within a 30-day period.
Exceptions and additional requirements to these rules apply.

Click here to find more information about the WARN Act.

What Can You Do?

A job loss is stressful, and because the WARN Act's provisions are detailed, you may have many questions about your legal rights. If you believe that you may have a claim under the WARN Act, please contact attorneys J. Gordon Rudd, Jr. or Anne Regan at 800-755-0098 or click here to send an e-mail.