Practice Management

Their top reasons for staying include satisfaction with their current job or pay, economic uncertainty and a belief that a better opportunity doesn't exist.

In just the last year, CEOs at Walmart, Target and Disney have either announced their exits or begun actively planning handoffs, while Apple's board is reportedly accelerating its own succession timeline.

Labor is taking comments on the plan until April 28.

The layoff notice follows several hundred job cuts announced in New Jersey and California in 2025.

Bonuses will be 42.3% above baseline levels, according to records reviewed by Bloomberg News — a sharp reversal from 2024, when payments were more than 60% below target.

Although small businesses employ more than 40 million people in the United States, their workers historically have been far less likely than those at larger firms to have access to retirement plans.