That totally depends on which countries you are in, and what kind of tech you are working with.
If only. What is this "package" you speak of?! :-)
I've been laid off a number of times, or had contracts end, sometimes abruptly, sometimes with ample notice, over the years.
Every time, the severance was precisely 0. No exceptions, whether it was standard employment or a contract. Yes, I work in tech as a SWE. No, they were not ended for bad reasons. In every case the terms just evaluated to 0 or didn't have severance terms.
I'm hopefully about to start a new job, and the terms on offer do not include any severance package no matter how long the service, but they are good in other ways. My previous job was the same. To be honest, because I've never received a severance package, it didn't occur to me to ask about it either of these times!
It really depends where you work.
one guy back then at Sun got into 3 layoffs over several years, each time getting as the severance - being a longtimer - a year worth of a very good Senior Staff salary and each time coming back to Sun in a few months (the requirement to repay pro-rated severance in case of being hired back had been already dropped by then :)
> And it is hardly ever unexpected. Usually everybody knows almost for sure.
I've never been laid off, but those sound like the exact opposite of everything I've seen from being around layoffs after 25 years in the industry.
Sounds like you picked two _really_ bad examples.
You can also enjoy many things outside of work.
> Being laid off is an emotionally shocking experience. It’s unexpected. It’s jarring. It throws everything off-kilter.
that depends on severance package. Can't say for other industries, in tech we're exceptionally lucky - the packages are large, and it isn't traumatic, it is a chance to finally update resume and find a better paying job. Speaking from personal experience in 2009, the worst tech hiring market since 2002, took me 1 month to find a job :) And it is hardly ever unexpected. Usually everybody knows almost for sure. Except may be really small startups where risk/volatility is naturally part of the game.