You may be technically correct, but I would ordinarily read "threat of discharge or loss of employment" in a retaliatory sense, not an existential one.
A more cut-and-dry example might be clarifying: if there were a ballot initiative to outright ban strip clubs, and a strip club sent a memo to its staff, correctly noting their jobs would be gone if it passed, would that be a violation of this statute?
A more cut-and-dry example might be clarifying: if there were a ballot initiative to outright ban strip clubs, and a strip club sent a memo to its staff, correctly noting their jobs would be gone if it passed, would that be a violation of this statute?