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Some companies offer a voluntary severance package to employees who are laid off due to various reasons like a downturn, reorganization, or company mergers. It is not a guaranteed right and is implemented at the company's discretion. If you have a contract, it will specify the terms of your separation, but if not, there are factors to consider before accepting a severance offer, such as the amount, benefits, and impact on unemployment benefits. It is important to review the terms and seek representation if needed.