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There is a significant wave of layoffs in the tech sector, and if affected, you may be offered Severance. It's important to understand that Severance is not legally required in most cases; companies provide it to reduce their liability, typically in exchange for a waiver of the right to sue. Once accepted, this becomes legally binding. Severance amounts vary, but a standard package is two to four weeks of pay for each year of service. Importantly, if you suspect you have a legal claim against your employer, consult a lawyer before accepting any Severance offer; a seemingly small Severance could overshadow larger legal claims.
