As lookout said, if someone is let go, they often feel disgruntled. This is bad for a company. The fired employee may decide to steal things, delete important files, ruin relationships with customers or partners of the company, put viruses on the computers... the list goes on and on. We'd all like to think we're above that, but the reality is most people will want to lash out - even normally nice ones that don't harm an ant.
The first thing that happens in most companies when someone is informed they are let go is all network access is removed. This is probably one of the most important things for the company to do to protect themselves. And usually security escorts them to the door.
Most decent companies will do some sort of severance package - like a couple weeks of pay at least.
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