In my experience, severance (as part of your employment agreement) is not normal or expected for any job in the USA. I’ve been working for decades and have never seen even a hint of it in any employer’s benefits info. Severance is something only big shot executives get.

When the one game job i worked at laid everyone off and files for bankruptcy i got 6 weeks severance paid for by the government about two months later. Of course this was Australia where companies pay a per employee tax to support this.

won't happen in the states.

My father has received severance - not once, but twice from Kodak Canada. The first time was during their bankruptcy, the second time was because they cost-optimized most of the senior people out of his project.

Severance is "keep your mouth shut" money. If the company is tanking, there's no reason for it.

It is normal and expected for the executives though. Somehow, even in the worst bankruptcies or closures, they always seem to end up with golden parachutes. Must be luck.