4 ms·
It was not to pay furloughed employees, it was to avoid having to furlough or lay off more employees than they did anyway. Furloughed employees did not get paid
by 1986 4y ago
It was not to pay furloughed employees, it was to avoid having to furlough or lay off more employees than they did anyway. Furloughed employees did not get paid, but retaining a certain percentage of pre-pandemic headcount was a requirement for the loan to eventually be forgiven.
Source: I was furloughed April 2020 while my employer at the time received over $2m in PPP. Furloughed employees were explicitly told to collect UI.