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The tech sector is experiencing significant layoffs, and being offered severance can be common. Severance is not legally required, and companies may provide it to limit their liability, often requiring a waiver of the right to sue in exchange for the payment. There is no standard severance amount, but a typical range is two to four weeks of pay per year of service. It's crucial to avoid a common mistake: if you suspect you have a legal claim against your employer, consult a lawyer before accepting severance. Accepting it without proper legal advice could result in foregoing larger claims in favor of a smaller severance amount.