To me, it sounds like a different type of being laid off whereas they’re trying to save money by not having to pay you your full income for a set period of time. Similar to what Geeesammy had to deal with. The difference for my wife’s job is they have put into writing that she, and anyone else that takes it, will have their job back in August.
For us, my wife decided to take it after a medical emergency with my MIL came about and she won’t be able to watch our daughter for a while. Guess we will see what happens.