This reeks of the arrogance someone who has never gone through recession layoffs. Sometimes your division gets slashed for no reason other then your vp wasn’t slightly more persuasive. When investors want to see cuts, lots of good people end up fired for no reason other than bad luck.

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.