eBay's sweet, sweet layoff package
As Owen put it yesterday, why can't we get laid off by eBay? An insider gives us the rundown of exactly what's in his (or her) severance package, and who's rumored to be next.
Package is 22 weeks (4 week notice, 5 week warn notice, 13 week severance) + 5 months COBRA, and some number of months outplacement assistance + eligibility for unemployment — which makes most people fully funded until around May-June 2009. Marketing has ceased to be a function and the CMO is leaving. Worldwide office consolidations (closures) to be announced next.