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It is actually really nice.
It works both ways, if they fire you, you still have a job for 3 months at least. Giving you plenty of time to find a new job. You also get half a day per week (paid) to use for soliciting other companies.
Generally it is more devastating to lose your job than it is to lose an employee. Since you have plenty of other employees who can temporarily fill in, while you generally have only one job that pays for everything you do.
Maybe this is a difference between countries, but is fired for cause and laid off treated different? Like I can understand and appreciate the protections if your position is eliminated or something. In the US we have unemployment insurance where you can get I think 3/4 of your normal pay if laid off. But if you get fired for cause then you’re on your own.
No, why you got fired does not in fact affect your need to eat food and house your family, so it’s not a factor.
And if you are “laid off”, ie the company says they don’t need your job anymore, you are usually entitled to a pretty nice redundancy payment too - plus the usual.
I live in the Netherlands, and fired for cause is very hard over here. Basically the employer needs solid evidence of misbehaviour, and even then most judges will still rule in favour of the employee.