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In the past week, thousands have been laid off from companies like Gap, Dropbox, and Lyft. Many received severance packages but may not know that parts of these packages can be negotiated. Mandy Woodruff Santos, a Yahoo Finance contributor and co-host of the podcast "Brown Ambition," emphasizes the importance of being grateful for a severance package, as they aren’t mandatory but are becoming common. She notes that employees often wonder if the severance amount can be negotiated, which varies based on the company's size. It's essential to understand what might be negotiable in these packages to ensure individuals receive what they deserve following job loss.
