Base salary is being replaced with 100% commission due to bad economy
I wanted to inquire if I am going to be eligible for unemployment if my employer just notified me by email that they are moving me to 100 commission on Fri with out warning. The reason for this listed in the email is I moved to a new area, they agreed to keep me on and develop a new area but it has not worked due to slow industry, slow company, bad economy and low sales. In the email they said that they want to know what I want to do, stay with them and receive only commission and my income atke a huge hit (50%) or move on. What are my choices? I want to make sure I do the right thing in hopes that I can be eligable for unemployment and still partially provide for my family.
Thanks for your help.
What state are you located in?