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Amid the growing concerns of a recession, many industries are finding themselves impacted by significant job cuts. Recently, higher-paid, white collar banking and finance employees have been on the receiving end of these financial firm layoff announcements. The financial services industry has recently announced a wave of thousands of job cuts given the slowing economy and warns they may continue to come. This comes after more than 24,000 jobs were cut last year, a whopping 127% increase compared with 10,784 job losses in 2021.

Financial firm layoffs can be seen in the lending and credit sectors as well as the investment banking divisions. Top names in the industry such as Citigroup, Morgan Stanley, Goldman Sachs, ...

Tipped workers for a BBQ chain restaurant based out of Maryland have recently settled claims of owed wages under the Fair Labor Standards Act (“FLSA”). These tipped workers alleged that Famous Dave’s BBQ, owned and operated by Famous Dave’s of America, Inc., failed to properly pay them for minimum and overtime wages. The nearly $1 million settlement will resolve these claims and affect a class of about 680 current and former tipped workers in server and bartender positions at any of the Famous Dave’s of America, Inc. run ...

An overtime pay misclassification lawsuit against a big-name financial firm has recently resolved claims of owed wages. This firm, Merrill Lynch, Pierce, Fenner & Smith, is globally noted as one of the largest banks and brokerage firms and the investment and wealth management division of Bank of America. The collective action lawsuit against Merrill Lynch was filed under the Fair Labor Standards Act (“FLSA”) and settled claims of unpaid overtime for $3.4 million. Affected employees for these claims include all current ...

Pepsi, the multinational beverage and snack producer, has resolved claims of unpaid wages for nearly $13 million after a New York federal judge preliminary approves the deal. Approximately 70,000 current and former hourly employees who were employed by Pepsi between December 1, 2021 and the present stand to benefit from the $12.75 million settlement. The case, originally filed January of this year, alleged that a widespread Kronos hack, that caused an outage of Pepsi’s timekeeping system for several months, caused them to incorrectly keep track of their employees’ schedules resulting in significant underpayment.

The lawsuit specifically alleged that after the Kronos cyber security ...

Hourly employees at doughnut chain, Krispy Kreme, have recently resolved claims of unpaid wages. A settlement of over $1.1 million will end allegations that Krispy Kreme failed to pay its hourly employees all of their overtime wages under the Fair Labor Standards Act (“FLSA”). More than 500 workers at 242 Krispy Kreme locations nationwide stand to benefit from the $1,187,757 payout. 

The Department of Labor launched an investigation into a Louisville, Kentucky location of Krispy Kreme less ...

Delivery drivers for Papa John’s have reached a significant settlement amount for owed wages. The collective of pizza drivers are presenting the $20 million deal to a federal judge in New York for approval ending claims that they were incorrectly reimbursed for out of pocket vehicle expenses accrued while completing job duties. Workers for Papa John’s International, Inc.(“PJI”) throughout at least seven states, including Colorado, Florida, Illinois, Kentucky, Maryland, Minnesota and Missouri,stand to benefit from this settlement. The lawsuit was originally filed six years ago under the federal Fair Labor Standards Act (“FLSA”) and several state ...

Weekly pay lawsuits have increased recently and despite several attempts to dismiss workers claims, courts have denied these motions and kept these claims alive. Hourly employees for retail giants, such as Zara USA Inc. and Walmart, have been able to continue forward with their case for untimely pay after being paid biweekly instead of weekly. Hourly workers in the retail industry, as well as other manualworkers in New York State, should be paid their wages within seven calendar days after the end of the week in which these wages were earned as required by the New York Labor Law (“NYLL”).

The NYLL protects manual workers in ...

Hospital workers for Aurora Health Care Inc. have settled their class action lawsuit alleging owed wages under the Fair Labor Standards Act (“FLSA”). The nearly $9 million payout will resolve claims that the medical service provider failed to pay its hourly employees for regular hours as well as overtime pay. The Aurora Health Care system employs individuals in 16 hospitals, 70 pharmacies and over 150 clinics in eastern Wisconsin and northern Illinois. Affected employees include hourly workersthat were employed by Aurora Health Care locations inWisconsin between August 14, 2017 and December ...

Truck drivers for a logistics company have recently settled claims of owed wages for $6 million.The California based logistics company, Rail Delivery Services Inc., allegedly failed to properly classify its truck drivers as employees and instead considered them independent contractors. The settlement was reached on behalf of nearly 400 truck drivers under the Fair Labor Standards Act (“FLSA”) and the California Labor Code.

This collective and class action matter, which was originally filed in 2019, alleged that the logistics company unlawfully misclassified its interstate commerce truck drivers as independent contractors and as a result of ...

Gig workers of Instacart in California have just resolved owed wage claims under California’s labor laws for asubstantial settlement. The $46.5 million agreement will benefit over 300,000 gig workers in San Diego that worked for the grocery delivery platform between September 2015 through December 2020. The claims were brought under California’s Unfair Competition Law and alleged gig workers were misclassified as exempt from numerous wage and job benefits. Affected gig workers’ settlement portions will be calculated based on the number of hours each worker worked during the 5 year period.

The lawsuit, which was ...