They promised severance if you get laid off after the hand off. I heard from my managers that layoffs will occur before hand off and settled before hand off. As they have not given Warn notice, those laid off will get 3 months (officers will get 6 months and CEO will get $145 million for double trigger - sale and layoff.
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I hope some of the managers who are left get zero severance not one penny, which is what some of them deserve after spending the past few years smugly and unethically laying their own employee teams off but not openly calling it a layoff, to save their own high horse positions. Those people got zero severance, their former save face managers who glorified the company at everyday workers expense to promote themselves should now get the same.
Let's see what happens...