My advice:
If you think you want to roll the dice to collect severance, that’s your gamble. But a few items to consider:
- severance isn’t highly taxed and goes quickly if you pay bills with it
- you can’t get unemployment until severance runs out
- you need to agree to not sue Xerox or they will come for your severance as well as legal costs which can be enormous
- you may not get laid off but your job may end anyway- for example the Cary model, or the HCL model, or the Verizon model.
- the merger is off for now, and thankfully investors are finally seeing XRX as the dog that it is - overvalued, over-cut, clueless mgmt team, and no long term potential. This means more cuts to court buyers.
Millions may be laid off worldwide due to the coronavirus economic effect, and if you think old Carl won’t do the same, well then I can’t convince you. If you get out now you at least have a chance of landing something else. If you stay, you may be ousted at the worst possible time.