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The tech sector is experiencing significant layoffs, and those affected may receive Severance packages. It's important to note that Severance is not legally required in most cases; companies offer it to limit their liability. By accepting Severance, you typically have to sign a waiver that prevents you from suing the company. While there's no standard Severance amount, a typical package ranges from two to four weeks of pay for each year of service. However, if you suspect you have a legal claim against your employer, consult a lawyer before accepting any Severance offer. For instance, receiving $10,000 in Severance may not be worthwhile if you have $50,000 in legal claims against the employer.
