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Official Employment Separation Agreement: https://bit.ly/3s3BChQ Two words that are often used interchangeably carry big differences in an employee’s future: layoff and furlough. Sometimes businesses are faced with the unthinkable — choosing between the company’s survival and allowing workers to keep their jobs. Conditions like shutdowns, economic collapses, and unique instances like the one we happen to be in now — an enormous pandemic — make for trying times and a substantial dip in profits. As such, companies are typically forced to either lay off or furlough workers. But the difference between the two words is considerable. Watch our video to find out more! Read more about layoffs and furloughs: https://learn.eforms.com/legal/whats-... DISCLAIMER: This video is strictly for educational purposes and is in no way intended to provide legal advice. We do not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the information on this video is strictly at your own risk, and we will not be liable for any losses and damages in connection with the use of our videos. ----- 0:00 Intro: 0:12 Why Do Layoffs And Furloughs Happen: 0:43 What Does It Mean To Be Laid Off: 1:33 What Does It Mean To Be Furloughed: 2:26 Differences Between Layoffs And Furloughs: