The severance packages are a joke. Don't count on them "taking care of you" as they kick you out the door. They are so Fing cheap and are cutting costs on these too. The longer you've been with the company, the more insulting the package.
Be prepared for another round because they're not done. They're in a huge financial deficit and need a ton of cash to get to a profitable balance sheet. Things are worse then they say and employee morale is in the shytter. Don't believe what estaff says in the weekly stand ups.
Start making your exit plan. Reduce your expenses. Save up some money. Do what you can now to be prepared for the next round of cuts. No one is safe. Everyone is expendable. When it's your turn, they will toss you out like trash.
For those of you still working here, I hope you can get away from this clusterF situation and leave on your own accord. A 0% merit increase shows exactly how much they care about you. ZERO.