Re:Big Tech is using layoffs to crush worker power
by dehrmann on Monday January 30, 2023 @12:44PM
(#34583479)
They're often kept on as employees to satisfy the WARN act. This isn't actually severance, and they're not actually unemployed at that point.
Re:Big Tech is using layoffs to crush worker power
by chimeracoder on Monday January 30, 2023 @12:47PM
(#34583533)
> They're often kept on as employees to satisfy the WARN act. This isn't actually severance, and they're not actually unemployed at that point.
No, BLS does consider them as unemployed.
That is not true. The fact that they are receiving severance does not change their classification as unemployed.
The unemployment rate, which is calculated using a standard approach across the country, is completely unrelated to unemployment benefits, which are handled at the state level with a high degree of variation.
In fact, workers are counted as unemployed even if the layoffs are temporary and they are expected to be recalled (e.g. furlough).