If you work for a company in dire financial straits, then insolvency layoffs are a reality, as is a bankruptcy. You will want to read this article carefully so you understand your rights.
A termination is legally different from a layoff. Yet these terms are often used interchangeably. The legal implications, as well as your entitlements are different depending on the strategy your employer has taken. How do you confirm your layoff is not a sham being used to swindle you out of these entitlements? Find out.