MAT LEAVE

But three days before her leave ended she was told her job was redundant — even though someone else was still doing her job.
If you are made redundant, your employer tells you to leave because your job is no longer necessary or because your employer cannot afford to keep paying you. (BRIT BUSINESS; in AM, use be dismissed)

Instead, Petkovski took a severance package and moved on.
severance pay/package
money or other things that you get when you have to leave a company because your employer no longer has a job for you

We're just little peons trying to fight these corporations who have deep pockets and fancy Bay Street lawyers, and we're moms trying to get on with our lives," she said.
Bay Street 加拿大金融界