Most employment situations are considered employment at will, meaning that an employee can be fired as you (the employer) sees fit. But there are limitations. You still cannot fire employees in a discriminatory fashion. Downsizing can create many legal problems, especially if you employee more than 100 people.
If your business is this large, make sure you review your layoff plan with a lawyer before moving forward.
If your business is this large, make sure you review your layoff plan with a lawyer before moving forward.