RIF Percentage to Report to the Street?

Question

What is the maximum percentage of employees a publically traded company can lay off without having to report the RIF to Wall Street?

Answer 1

Under the WARN Act, a covered employer must give notice if there is to be a mass layoff which does not result from a plant closing, but which will result in an employment loss at the employment site during any 30-day period for 500 or more employees, or for 50-499 employees if they make up at least 33% of the employer's active workforce.