Read up...
Separated employees will receive 14 weeks of pay, and one more week for each year served at the company (rounding partial years up). The firm is also dropping its one-year equity cliff so that employees who are laid off with under 12 months of tenure can buy their vested options; Airbnb will also provide 12 months of health insurance through COBRA in the United States, and health care coverage through 2020 in the rest of the world.
AirBnb developers. Some of the young hires out of college, maybe 2-5 years at most. Are really hot girls. They have some of the best looking CS girls around.
Hopefully Airbnb will just go out of business. What a sh– company.
Cobra is Your ability to buy IBM’s current healthcare offerings at cost plus 2%. My PPO for my wife and I was 1298 dollars per month. IBM’s retiree cost after cobra runs out, for the same plan will be 2200 dollars per month
Unrelated to IBM
What does this have to do with IBM?
A COBRA plan can be about ~$500-1000 for an individual in the US. A family can reach $2000-5000/month. Then, you are still sometimes left holding the bag for deductibles, co-pays, co-insurance and annual out-of-pocket maximums.
COBRA Value = $2K/mo
It's confusing. Some read it as "COBRA is available at full price" and others as "healthcare paid by AirBNB". My understanding is COBRA is just the default. The company can't really block it, for 18 months. No action required.
So if AirBNB went out of their way to mention COBRA, it likely means they're covering it.
worth noting that this severance is vastly more generous than you'd get from statutory redundancy in most (all?) countries.
the UK is one week's pay for every year, but with a maximum of £538/week and a maximum of 20 years for length service.
given that a software engineer who's been at AirBnB for two years is going to get 16 weeks of pay and probably makes _at least_ 180k/year, they're probably getting around $55k.