We have been told that severance will be offered under certain conditions. What those conditions are have not been spelled out. That's one of the big problems with this entire debacle. NO details have been provided and we are well past the two week mark of the initial announcement.
My own view/belief is that while AT&T is not generally required by law (someone mentioned it is required for certain states... I have not heard/seen anything to that affect in my state), AT&T has customarily provided severance in these situations. In addition, other companies do provide severance under these conditions as well. If AT&T does not provide severance, I think it sets up T as a company that tech workers will shun in the future. In addition, it has been stated in writing (e.g., the FAQ) that severance will be provided for job eliminations, but again, the language is vague. Hence, while I believe that severance is probable in some cases, I am not going to personally count on it. Better to be pleasantly surprised than to be disappointed.
The only thing for certain in my case is that I will be impacted one way or another, since I do not live in commuting distance of a hub, and I will not relocate. I am definitely not going to "quit" voluntarily, as that gains me nothing and would most likely jeopordize my ability to collect unemployment. Unemployment is much more certain thing for me since my state allows unemployment compensation in these situations. I wish everone the best in navigating through this colossal mess.