Any other time I'd be happy to accept a severance - no matter what it turns out to be - and leave this place. I wouldn't worry about layoffs one bit.
But not now. With who knows how many millions of people out of work, many of them in our industry, finding a job will be like trying to find a needle in a haystack.
I'm not just worried, I'm petrified of losing my job right now. I'll always regret not leaving when I had the chance...