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The tech sector is experiencing significant layoffs, and if you are affected, you may be offered severance. It's important to know that severance is not legally required in most cases; companies offer it to reduce liability. In exchange for severance pay, you may need to sign a waiver of the right to sue, which makes the agreement legally binding. While a good severance package typically ranges from two to four weeks of pay for each year of service, be cautious. If you suspect you have a legal claim against your employer, consult a lawyer before accepting any severance offer, as it could be less than what you might recover through legal action.
