I was laid off on Tuesday from a mid-size tech company. They offered me four weeks of severance (I was there for three years) in exchange for signing a separation agreement. The agreement says I have 21 days to review and sign. It includes a general release of all claims, a non-disparagement clause, a 12-month non-compete, and a 12-month non-solicitation of employees.
Is 21 days standard? It feels like they are rushing me. Also, the non-compete says I cannot work for any “competing business” for a year. I am in software engineering and basically every tech company could be considered a competitor. That seems really broad.
Is four weeks of severance even worth all these restrictions? I feel like I am giving up a lot.