Know your position and know your power.
$500 spent for a quality employment lawyer may be very well spent.
https://www.topresume.com/career-advice/11-tips-to-help-you-negotiate-a-better-severance-package
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or if you got hurt on the job
Just take the money and go unless you’ve got a substantial discrimination claim, of which you probably don’t. Even if you did, a lawsuit would take a couple years - unless you’re talking a claim worth at least $100s of thousands of dollars after lawyer fees and risk, it ain’t worth it.
Are there layoffs coming ? If so, when ?
Yup and print and hold any supporting information. You will thank yourself later.