My employer is letting me go due to economy, but wants a resignation letter, should I write one?
Question Details: I have worked in a financial services firm since November 2007. I became a full-time employee in January 2009, and my employers told me that they won't be able to keep me because due to the economy they can't afford to pay me. They have now asked for a resignation letter, should I write one explaining the circumstances and that I am not resigning or not write one at all?
Employment and Labor Law Answers
If you resign, you cannot collect unemployment. If you are terminated other than for cause--so, for example, if you are let go because of economic problems--you can collect unemployment. Therefore, by resigning or writing a resignation letter, you would be depriving yourself of unemployment insurance. You should not do this--unless the company is willing to make it worth your while, but giving you (or increasing, if you're already receiving) severance that's large enough to compensate for a lack of UI.
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