Layoffs are coming, but nothing more than has been experienced in the past few months. Small layoffs have been occurring monthly since March of 2019 and it should be apparent to you that this will continue into the foreseeable future. Also should be apparent to you if your organization is not doing well. You have the opportunity to learn new skills, and apply for new positions internally and elsewhere.
The Oracle CTO has made it perfectly clear that certain parts of Oracle will melt away. The on premises install base and legacy products will be supported, but not invested in. Nothing massive, just a slow decline over time. Most employees have plenty of time to make the necessary changes and get certifications in skills that Oracle finds attractive.
If your organization has been targeted for reduction and you have not prepared, or complied with direct requests from your manager then you should not be surprised when you get a package. Oracle is more than fair and generous in its severance. You have 30 days paid salary to find a new position plus a generous severance package.
It is not a complicated conspiracy. It is a simple look at cost and profit. Working for a company based on constantly evolving technology, it should come as no surprise that those employees who stay on sunsetting legacy technologies (with out learning anything new) have lost some of their intrinsic value as an asset to Oracle. As profits decline so must the costs to stay viable as a corporation.
The coming layoffs are nothing more than small course corrections over a long period of time. To those of you who are laid off, I am sorry. You should not be upset, rather your should see this as a required opportunity to pick up something new.