Severance Season 2 has been keeping fans on edge with its twists and secrets, and now a major theory about Helena has finally been confirmed. Episode 4 delivers a shocking revelation—Helena has been pretending to be Helly ever since the Overtime Contingency Protocol incident.
For weeks, fans noticed something strange about Helly’s behavior, and Irving became convinced that she wasn’t who she seemed. In this episode, he takes drastic action—drowning Helena in an attempt to force Milchick to intervene. As she struggles, Helena drops the act and urges Milchick to listen to Irving. That’s when Milchick speaks into a walkie-talkie, waking up the real Helly for the first time since the Season 1 finale.
This reveal completely shifts the perspective on the first four episodes. Everything we thought Helly experienced? It was actually Helena pretending to be her. This is a huge shock for Helly, whose last memory was discovering that she is an Egan.
But this twist raises even more questions. Why did Helena take Helly’s place in the first place? She was already monitoring her through the Severance system, so what was the point of fully stepping into her role? What was her endgame?
Another mystery—why did Helena sleep with Mark? Helly clearly has feelings for him, but Helena? Not so much. Could this moment connect to Lumon’s secret plans for Mark, which were hinted at in Episode 2?
With these new revelations, fans are now left wondering what Helena was really up to—and what happens next now that the real Helly is back.