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The tech sector is experiencing significant layoffs, and if affected, you may be offered severance pay. It's important to understand that severance is not legally required in most situations. Companies provide it to mitigate their liability, often requiring you to sign a waiver of the right to sue, making it legally binding. Severance amounts can vary, but a typical offer ranges from two to four weeks of pay for each year of service. However, if you believe you may have a legal claim against your employer, consult a lawyer before accepting severance. Accepting money could forfeit your chance to pursue potentially larger claims against them.
