> COBRA alone would eat up most of the severance.
A single software engineer paying for full price for high premium plan on COBRA would be spending around $400[1], over the whole 18 months of doing that it would be $7,200 which would be less than one month's paycheck on a $160,000 salary.
A cursory look at h1bdata.info shows that Coinbase pays plenty of H1B's that much, on the low side.
Your view is a little exaggerated.
There isn't a downside here. If you were there a very short amount of time, just remove it from your resume and have a gap. Its inconsequential for software engineers. If you were there for over a year, take your vested shares, leave it on your resume, and still coast. If you were already interviewing and had another offer, do the same.
[1] To my surprise, people are paying WAY more for health insurance. Are they San Francisco/Bay Area residents? Unknown. Are they individuals or paying the family rates? Unknown. Are they using the most competitive providers? Unknown. Is Coinbase still covering health insurance for people on severance as if they were employees with COBRA starting after the severance period is over, adjusting all of our math? Unclear.
A single software engineer paying for full price for high premium plan on COBRA would be spending around $400[1], over the whole 18 months of doing that it would be $7,200 which would be less than one month's paycheck on a $160,000 salary.
A cursory look at h1bdata.info shows that Coinbase pays plenty of H1B's that much, on the low side.
Your view is a little exaggerated.
There isn't a downside here. If you were there a very short amount of time, just remove it from your resume and have a gap. Its inconsequential for software engineers. If you were there for over a year, take your vested shares, leave it on your resume, and still coast. If you were already interviewing and had another offer, do the same.
[1] To my surprise, people are paying WAY more for health insurance. Are they San Francisco/Bay Area residents? Unknown. Are they individuals or paying the family rates? Unknown. Are they using the most competitive providers? Unknown. Is Coinbase still covering health insurance for people on severance as if they were employees with COBRA starting after the severance period is over, adjusting all of our math? Unclear.