With millions of workers unemployed and more likely to come during this economic shutdown, companies have been deciding between placing their employees on furlough or laying them off. Many retail companies like Macy’s, Kohl’s, Gap and Nordstrom as well as some in the hospitality industry such as Marriot and AMC Theatres have opted to furlough thousands of their employees instead of laying them off. But what exactly does being furloughed mean, and how does it differ from being laid off?
What ...
Continue Reading →