Do you realise you have to find a new job within those four months?! It's not 'time off', it's time desperately searching for a new job until you start eating into your savings and your children end up starving.
Comparatively I got 0 severance from my small company but am grateful for the unemployment insurance.
It is some how hard to believe that they will start starving within a year after a layoff (perhaps if they plan to maintain their expense levels unchanged, but still sounds very improbable)
What are the calculation that lead you to this conclusion ?
Even people who are employed can go broke, declare bankruptcy, and not being able to pay for their previously-enjoyed lifestyle anymore.
The financial security ladder has many steps.
Hard to imagine that programmers, product managers, SREs that had successfully passed AirBnB interviews would be so close to the bottom of that ladder, that their children will go hungry within months of stopping to receive the severance.
"Eating into savings" is what saving are made for.