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https://www.dol.gov/general/topic/workhours/parttimeemployment
The Fair Labor Standards Act (FLSA) does not address part-time employment. Whether an employee is considered full-time or part-time does not change the application of the FLSA. Webpages on this Topic Selections from the elaws FLSA Advisor's Frequently Asked Questions (FAQs) Answers the questions, "How many hours is full-time employment?" and "How many hours is part-time employment?"
https://www.dol.gov/agencies/whd/flsa/faq
The FLSA requires payment of at least the minimum wage for all hours worked in a workweek and time and one-half an employee's regular rate for time worked over 40 hours in a workweek. There is no requirement in the FLSA for severance pay. Severance pay is a matter of agreement between an employer and an employee (or the employee's representative).
https://www.hrm.msstate.edu/managers/compensation/flsa/part-time-exempt-employees
May 18, 2021 · Part-Time Exempt Employees. Can the minimum salary required under FLSA be prorated to reflect the part-time status of an employee? The minimum salary required under FLSA is $35,568 per year or $684 per week.There is no provision to prorate the salary requirement of $684 per week when an employee’s hours are reduced.
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