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Recent banking disruptions may create liquidity crisis for impacted employers. Employers may not have enough cash on hand, may consider skipping payroll obligations to conserve cash. Skipping even one payroll, however, can have dire legal consequences.
Recent disruptions in the financial services sector as well as an economic downturn in certain industries, including high tech, may create an immediate and unanticipated liquidity...
In 2023 alone, more than 234 tech companies have laid off nearly 76,000 workers.
Catalent filed layoff notices for 135 workers across two buildings in the Shady Grove research cluster and indicated the facilities would shut down.
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The move comes as the Pigtown Community Garden is also expected to shut down this year.