Legal or not, you've got a felony theft on your hands. Theft is a crime of moral turpitude, and if convicted you can kiss your career aspirations goodbye. Hire a lawyer before you get duped into a plea you will regret for life.
Most employees are at-will meaning you can be fired at anytime for no reason (unless unlawful discrimination such as ace, race, gender, etc.). Unless you were a tenured employee, then you probably have no recourse. You can always talk to your boss to see if they will reconsider.
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