Peter Steinmeyer Quoted in “Employment Attorneys See Pockets of Hiring Amid Pandemic”Law360 April 16, 2020
Peter A. Steinmeyer, Member of the Firm in the Employment, Labor & Workforce Management practice, in the firm’s Chicago office, was quoted in Law360, in “Employment Attorneys See Pockets of Hiring Amid Pandemic,” by Braden Campbell. (Read the full version – subscription required.)
Following is an excerpt:
As struggling employers shed jobs at historic rates, more stable businesses have a prime opportunity to acquire talent — but they are facing novel challenges in the process.
The U.S. Department of Labor released data Thursday showing that more than 22 million people have filed for unemployment since mid-March, when the agency’s figures began to reflect the coronavirus pandemic’s toll on the workforce. …
Not all attorneys who advise businesses on high-level hiring have seen this trend, however. Epstein Becker Green trade secrets and employee mobility group co-leader Peter Steinmeyer said few clients are hiring in and around Chicago, where he practices.
“To the contrary, I’ve seen a lot more offer revocations, deferred start dates and, of course, terminations and reductions in force,” said Steinmeyer, who has clients across a mix of industries.