I think to be fair the GB should use the money they have collected from selling off thier property in brooklyn and offer a serverance package for those asked to leave after many years of service, $10,000 for every year of service would be good. ( example 20 yrs= $200,000). I've cut and pasted this from a legal site:
http://jobsearchtech.about.com/od/laborlaws/l/aa110600.htm
For massive layoffs, some states and the Feds require certain companies to notify affected employees in advance. So, your employer might send you packing on the day you get your pink slip, but still send you regular paychecks and offer the benefits to which you're entitled, throughout your notification period (e.g., 60 days). Although it's better than just a boot on your backside, it's not really severance pay. It's "regular" pay in compliance with the law.
What's your opinion? I think those let go should ban to gether and start a class action suit oor something maybe some of our legal egles can give some output.