Are they diminishing your role and pay, eliminating your job or ?? It is always an ego hit to take a lessor role, but it doesn't damage your career necessarily

Are they diminishing your role and pay, eliminating your job or ?? It is always an ego hit to take a lessor role, but it doesn't damage your career necessarily. What makes you think it will damage you? IMO, the advice and issues change depending on if your role will be eliminated and they are offering you a "new" lesser role or if they are letting you keep your role but lowering your pay and responsibilities. The way in which it is transacting really matters, if you have doubts find an attorney to talk over the details, it won't cost more than a few hundred bucks generally. And just because you are asking an attorney doesn't mean it needs to start an adversarial relationship with your employer. The two parties likely will have no reason to ever meet, unless your employer violates labor laws, which from the sounds of what you are saying isn't super likely; given they have done this before and provided what sounds like reasonable severance. I would really sit back and think about if what they are doing actually will hurt your career or not, a lot of people (myself included) have taken lessor roles at a company after being in a more senior role. Of course if you initiate the change it feels different then when the employer does, but either way our egos still take a hit. If you just want out period, you only get one opportunity to get a severance for your senior role, so you have to make it happen before your role is changed generally. But do not let them know you want out as then they have all the leverage and can just reduce your position and let you quit in which case you likely won't get any severance.