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The tech sector is experiencing significant layoffs, and it's crucial to understand Severance if you're affected. Severance is not legally required in most cases; companies offer it to minimize liability. In return for Severance, you'll typically need to sign a waiver of the right to sue, making it legally binding. There's no standard Severance amount, but a good range is two to four weeks of pay for each year of service. However, it's essential to consult a lawyer before accepting Severance, especially if you believe you have a legal claim against your employer, as accepting an insufficient Severance could mean forfeiting substantial claims.
