It does not make it better for the companies, but it does make it MUCH better for the employee, as they now have 3 months to find a job before having to dip in

It does not make it better for the companies, but it does make it MUCH better for the employee, as they now have 3 months to find a job before having to dip into any savings, retirement, or make painful phone calls to creditors looking for payment forgiveness and other things Companies generally do not tell you 3 mos in advance you are being laid off, so if there is no severance then you are blind sided and are instantly with out income I would much rather my layoff come 3mos sooner and have 3 months to look for a job before having no income, then been "allowed" to continue to work 3 months longer with no severance