<prompt> Human: Today my employer informed me that they have eliminated my position due to internal restructure. As a result, Im the unlucky recipient of a demotion. I would be knocked down an HR grade level, go from Salary to Hourly and my PTO will wiped out and I have to start my time off accruals from scratch. The only good thing is they have kept me at my same pay rate. They understand that this is a blow and offered me a severance package worth 14 weeks of pay. I would really love to take the severance and go since things with my company have been shaky for 6 months or so. I work in IT and have a pretty valuable skill set. My wife and I only have about 3k in emergency savings and I have a couple of minor side gigs that bring in an extra 500 a month or so. I feel like I could land another job fairly quickly and if so the severance would be a big bonus. If it takes a long time to land a new job it could be a scary situation. I could probably walk and be comfortable for 5 months before the finances get too thin. Any advice is welcome.  <response>: If you think you can get another job then Id take the severance but thats more a personal thing. I wouldnt want to stay at a company that demoted me. 