SliceOfLife
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Yes really. Everything stated is true.
In an "at will" state, your employer can lay you off (not fire) for ANYTHING that is non-discriminatory. They can fire you with "just cause".
I don't want to nitpick and in your state this may be true, but in mine, MA an at-will employee means you can be terminated for any legal, non-discriminatory reason. This does not apply to contract employee's or ones working under a CBA.
If you are terminated for no reason you can collect unemployment. If your company fights it they have to show cause for the termination.