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COVID and Job Cuts – The difference between being furloughed and laid off?

Furloughing is actually a common practice used by many companies, such as landscaping and construction businesses, that will typically furlough workers during cold seasons, Business Insider adds.

But during a national crisis such as coronavirus, companies that do not regularly furlough workers will turn to the practice to stay afloat. Recently, Macy’s announced it was furloughing 125,000 employees as a result of the pandemic.
According to the New York Times, the U.S. has seen 606,800 cases and 25,922 attributed to coronavirus as of Wednesday afternoon.

Chosen excerpts by Job Market Monitor. Read the whole story @ What’s the Difference Between Being Furloughed and Laid Off? |


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