Trying to time a parachute into a not super terrible market isn’t the worst idea. Plus usually the first and second round are the most generous. As belt tightening gets worse and the PR isn’t as bad expect worse benefits.
"Corporations aren't people, they're capitalistic entities. They don't owe you anything" while also turning around and saying "how greedy of you to act in your own self interest and not to the benefit of your company!!"