I think you misunderstood: Coinbase is offering to pay for the first 6 months of COBRA for the laid-off employees. They can still continue with it for the following 12 months if they want, paid out of pocket.
replyThey're offering to subsidize the cost that the individual would normally pay for COBRA coverage. They're only required to offer the coverage, but not to pay for it.
replyHowever, I don't think this is that unusual in SV layoff packages.
If so, that's really generous, given the cost of having to pay for COBRA.
replyEither way, I'd still be shitting my pants. 16 weeks is not a lot of time to find another job in today's environment. I know devs who have been out of work for years and had to resort to stocking shelves at Home Depot to tread water.
I would sincerely hope that anyone making tech money has some savings put away and isn't living paycheck-to-paycheck.
replyYep, I also know of multiple devs going into nursing. It used to be the other way around!
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