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The tech sector is experiencing significant layoffs, and if you're affected, you may be offered severance. It's important to know that severance is not legally required in most cases; companies offer it to limit their liability. In exchange for severance, you'll typically need to sign a waiver that prevents you from suing them. There’s no standard severance amount, but a good guideline is two to four weeks of pay for each year of service. Be cautious: if you believe you have a possible legal claim against your employer, consult a lawyer before accepting any severance, as it may not be worth losing out on larger legal claims.