You get to stay employed a bit longer, possibly with a small monetary "sweetner" versus being shown the door (also described in the main article at source).
I guess I’m one of those people who bites his nose off to spite his face but, they would have one helluva time making me do that. I’d do my job and tell Pedro to take a freakin’ hike. When they let me go, I’d draw my Unemployment which pays almost as much as one’s wages these days. (BTW, I’ve never had an Unemployment check in my hand in my life.)