If so, that's really generous, given the cost of having to pay for COBRA.

Either 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.

Yep, I also know of multiple devs going into nursing. It used to be the other way around!