Wow their doing this again. First it was 70, now 65. Soon 60 and 55 until all tenures are gone. This way they can offer the jobs at a lower pay scale or outsource it completely. Their decision to offer this payout every two weeks instead of one lump sum doesn't impact the unemployment status. Technically you are still receiving a paycheck although your no longer employed, so that equals no unemployment benefits until your final payout.
This is not unique to Altice, pretty much everybody is doing this these days. It should not be legal, but it is, so there is nothing to do about it...