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The tech sector is experiencing significant layoffs, and those affected may be offered a severance package. It's important to understand that severance is not legally required, and companies offer it to limit their liability. Accepting severance typically involves signing a waiver that prevents future legal action. The standard severance amount is two to four weeks of pay per year of service. However, if there's a possibility of legal claims against the employer, it's crucial to consult a lawyer before accepting any severance offer. For instance, if a severance offer is $10,000 but legal claims could amount to $50,000, it may be wiser to pursue the legal route instead.