Wake North Carolina Severance Compensation Program is a program offered by the Wake County government in North Carolina to provide financial assistance to individuals who have been laid off or have lost their jobs due to unforeseen circumstances such as company downsizing, restructuring, or closure. This program aims to mitigate the financial burden faced by individuals during their period of unemployment. The Wake North Carolina Severance Compensation Program is designed to provide monetary compensation to eligible individuals to help them manage their expenses and maintain financial stability while they search for new employment opportunities. The compensation provided under this program is based on various factors such as the individual's length of employment, salary level, and the reason for their separation from the company. There are two main types of Wake North Carolina Severance Compensation Programs: 1. Wake County Employee Severance Compensation Program: This program is specifically available to employees who have been laid off from their jobs within the Wake County government. It offers financial assistance to help them transition during their period of job loss and secure their financial well-being. 2. Wake County General Severance Compensation Program: This program is open to individuals who have lost their jobs in private companies or organizations located within Wake County. It provides similar financial support to those who have lost their sources of income and are seeking new employment opportunities. Keywords: Wake North Carolina Severance Compensation Program, Wake County government, financial assistance, laid off, job loss, unemployment, downsizing, restructuring, closure, monetary compensation, eligibility, length of employment, salary level, transition, financial stability, private companies, job search, financial support.