Current company was just bought by a bigger company.

This is exactly what happened to me.

They will spend as little money on you as possible to make you go away.

I actually got a severance from my big company, first time I ever got anything for being let go. TBF it totaled about $100 less than what I would have gotten for unemployment benefits; this prevented me from qualifying for unemployment, but it did mean I didn’t have to pretend to be looking for work for six months to get the money.