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Recently, thousands of employees from companies like Gap, Dropbox, and Lyft faced layoffs, with many receiving severance packages. Yahoo Finance contributor Mandy Woodruff Santos, co-host of the Brown Ambition podcast, discusses the possibility of negotiating these packages. She emphasizes that while severance is not mandatory, it is increasingly common for companies to offer it to ease the transition for laid-off employees. Key negotiation points can include the severance amount itself, though the potential for negotiation may vary based on the company's size and policies. It's important for employees to be informed about their options and approach negotiations thoughtfully.
