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The verizon severance package is 2 weeks pay for every year service 35 weeks max. The wave of layoffs in the tech industry that began in 2022 has continued unabated into 2024, resulting in significant job cuts across both major corporations and smaller tech. Amazon’s layoffs, which began in 2023 and extended into 2024, reflect a need to adjust to postpandemic spending patterns. Startups and midsized firms reliant on venture.

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