6 ms·

Maybe if you're the janitor, but based on the quip about the salaries Stripe pays, the parent is presumably looking at this from a developer's perspective. That

Maybe if you're the janitor, but based on the quip about the salaries Stripe pays, the parent is presumably looking at this from a developer's perspective. That's a payout of around $73,000. If you are handed $73,000 and still need to frantically look for a new job, something strange is going on.

tempsy 4y ago
i’m not referring to running out of money, just the idea that it’s harder to interview during the time around the holidays and immediately after, and we are in a period where these layoffs are macro driven so lots of people are competing against you for the same roles also all the income and benefits are taxable
- randomdata 4y ago
  If you're not out of money, why the frantic search? It isn't going to sustain you forever, but if it takes you six months to find a new job... oh well?
  - PuppyTailWags 4y ago
    It's pretty frantic if you're holding certain visas.
- PragmaticPulp 4y ago
  > i’m not referring to running out of money, just the idea that it’s harder to interview during the time around the holidays and immediately after Keep in mind that this is interviewing without a job taking 40 hours (or maybe more) of their time every week. Interviewing is much, much easier when it replaces your job and you're still collecting paychecks for several months.
theGnuMe 4y ago
You've got taxes on that so 40% and then health insurance at Cobra rates. Granted it looks like they said they will pay that for 6 months. Not sure if that is taxable as well also not sure what the individual contributions are.
- shagie 4y ago
  > and then health insurance at Cobra rates You can get health insurance from healthcare.gov Granted not California, but the federal bit is the same - https://oci.wi.gov/Documents/Consumers/HealthInsuranceLostCoverageFAQs_Consumer.pdf https://oci.wi.gov/Documents/Consumers/HealthInsuranceLostCo... > I thought the open enrollment period was already over for HealthCare.gov. Can I still enroll? > Yes, if you have just lost your health insurance, you are eligible for a 60-day special enrollment period. You can work with an enrollment assister, an insurance agent, or use HealthCare.gov to enroll in a new insurance plan. You may also qualify for a special enrollment period if you have experienced a life event such as moving, getting married, having a baby, or adopting a child.
  - theGnuMe 4y ago
    True, you'd have to run the numbers to see if it makes sense on a case by case basis.
- Manuel_D 4y ago
  > You've got taxes on that so 40% and then health insurance at Cobra rates. Your taxes would only be 40% (actually 47%) if you make beyond $500k a year. Cobra rates are quite affordable. I was on Cobra when I was laid off due to covid, and it was $550 a month for top tier healthcare.
  - lotsofpulp 4y ago
    The tax rate is only that high for amount earned after $500k too. And only for those in a few states like California. $550 for gold level insurance is expected for someone young, which I guess you are. You can ballpark almost anyone’s premiums based on the figures in link below. I would use Omnia Gold or Omnia Silver HSA numbers, and plus or minus 20% for your state. https://www.state.nj.us/dobi/division_insurance/ihcseh/ihcrates.htm https://www.state.nj.us/dobi/division_insurance/ihcseh/ihcra...
  - iterati 4y ago
    > Cobra rates are quite affordable. I was on Cobra when I was laid off due to covid, and it was $550 a month for top tier healthcare. Those two statements are in odds with one another. $550 is quite a large sum of money to put out each month, particularly when you don't have an income.
mparkms 4y ago
You do if you're on a work visa and don't want to leave the US.
- randomdata 4y ago
  You're not wrong that it is strange that we would force one to be completely uprooted from their home only because they didn't have a job for a few months.
  - georgeburdell 4y ago
    Not to be cold, but some visas like H1B are non-immigrant visas and so it is not correct to call the U.S. “home”
    - randomdata 4y ago
      Home refers to the place where one lives. If one does not live in the U.S. to have to leave, what's the urgency?
deleted 4y ago
[deleted]

tempsy 4y ago

i’m not referring to running out of money, just the idea that it’s harder to interview during the time around the holidays and immediately after, and we are in a period where these layoffs are macro driven so lots of people are competing against you for the same roles also all the income and benefits are taxable

randomdata 4y ago
If you're not out of money, why the frantic search? It isn't going to sustain you forever, but if it takes you six months to find a new job... oh well?
- PuppyTailWags 4y ago
  It's pretty frantic if you're holding certain visas.
PragmaticPulp 4y ago
> i’m not referring to running out of money, just the idea that it’s harder to interview during the time around the holidays and immediately after Keep in mind that this is interviewing without a job taking 40 hours (or maybe more) of their time every week. Interviewing is much, much easier when it replaces your job and you're still collecting paychecks for several months.

theGnuMe 4y ago

You've got taxes on that so 40% and then health insurance at Cobra rates. Granted it looks like they said they will pay that for 6 months. Not sure if that is taxable as well also not sure what the individual contributions are.

shagie 4y ago
> and then health insurance at Cobra rates You can get health insurance from healthcare.gov Granted not California, but the federal bit is the same - https://oci.wi.gov/Documents/Consumers/HealthInsuranceLostCoverageFAQs_Consumer.pdf https://oci.wi.gov/Documents/Consumers/HealthInsuranceLostCo... > I thought the open enrollment period was already over for HealthCare.gov. Can I still enroll? > Yes, if you have just lost your health insurance, you are eligible for a 60-day special enrollment period. You can work with an enrollment assister, an insurance agent, or use HealthCare.gov to enroll in a new insurance plan. You may also qualify for a special enrollment period if you have experienced a life event such as moving, getting married, having a baby, or adopting a child.
- theGnuMe 4y ago
  True, you'd have to run the numbers to see if it makes sense on a case by case basis.
Manuel_D 4y ago
> You've got taxes on that so 40% and then health insurance at Cobra rates. Your taxes would only be 40% (actually 47%) if you make beyond $500k a year. Cobra rates are quite affordable. I was on Cobra when I was laid off due to covid, and it was $550 a month for top tier healthcare.
- lotsofpulp 4y ago
  The tax rate is only that high for amount earned after $500k too. And only for those in a few states like California. $550 for gold level insurance is expected for someone young, which I guess you are. You can ballpark almost anyone’s premiums based on the figures in link below. I would use Omnia Gold or Omnia Silver HSA numbers, and plus or minus 20% for your state. https://www.state.nj.us/dobi/division_insurance/ihcseh/ihcrates.htm https://www.state.nj.us/dobi/division_insurance/ihcseh/ihcra...
- iterati 4y ago
  > Cobra rates are quite affordable. I was on Cobra when I was laid off due to covid, and it was $550 a month for top tier healthcare. Those two statements are in odds with one another. $550 is quite a large sum of money to put out each month, particularly when you don't have an income.

mparkms 4y ago

You do if you're on a work visa and don't want to leave the US.

randomdata 4y ago
You're not wrong that it is strange that we would force one to be completely uprooted from their home only because they didn't have a job for a few months.
- georgeburdell 4y ago
  Not to be cold, but some visas like H1B are non-immigrant visas and so it is not correct to call the U.S. “home”
  - randomdata 4y ago
    Home refers to the place where one lives. If one does not live in the U.S. to have to leave, what's the urgency?

deleted 4y ago

[deleted]