There may be other "stuff in the air" related to the reduced work week.
At some point the management gets to drop some benefits, reduce vacation and perks. The management may be factoring those things into the equation and may have reached a decision that has more to do with their bottom line than with fundamental fairness--which is
their right, given our present labor laws.
I know folks who are without work. In one case it is a man who completed 25 years of military service, and ten years of employment with a company that was quite solid until this recession/depression. To top it off the value of his 401 plummeted, and now both his livelihood and future (nearby) retirement are in deep trouble, as is his ability to make the few remaining mortgage payments left to actually own his home. I don't see how he can possibly recover if the lay off lasts past this August, and it probably will.
We are in rough times and you all bearing the brunt of it are in my thoughts and prayers.