I just got laid off from my position at a large fintech company after 20 years of service. I've been preparing for this moment for the past 18 months, but I didn't expect it to happen so soon. The company has been struggling and has already laid off 10-15% of the staff in the last couple of months. Now, I'm trying to figure out my next steps, including COBRA, IRA distributions, and tapping into a modest pension. I'm really curious about what the average severance package looks like for someone in my situation. I've heard from former coworkers that they received one week's pay for each year of service a couple of years ago, but I'm worried that given the current circumstances, the severance might be much less this time around. I’m excited about the possibilities ahead, as I've been through similar situations before that turned out well for me. Any insights on what a reasonable severance package might be would be greatly appreciated.
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