Thread regarding Oracle Corp. layoffs

There is hope for older employees

I was laid off from Oracle in 2017 at 57. It was the first time to be laid off in my 33 year career. It took me 18 months to find another job. Great company, 5 minutes from home. But I had to readjust my expectations and went from being a senior director to an individual contributor. That meant over a 50% reduction in my salary. But at least now I have a salary and healthcare coverage and I'm not burning through my savings. I work for a company with integrity and I'm not depressed and stressed. I am now 60 and hope to stay in this job for 3-5 years if possible. Good luck to my fellow "experienced" workers.

Originally posted by @4fcx+15KBupw2.

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Post ID: @OP+15PFOMgD

19 replies (most recent on top)

  • that was before COVID.. now the market offers only 13$/hr jobs... and is really really looking bad the future
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Post ID: @7uzq+15PFOMgD

@6tgt+15PFOMgD

Close. It's actually from from a band called Electric Wizard. But the s-x Pistols are appropriate for these times as well.

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Post ID: @6mij+15PFOMgD

@2ihh+15PFOMgD

Anarchy in the UK

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Post ID: @6tgt+15PFOMgD

I got RIFd in the class of Sept, 2017. I was 59 years old. I landed in a great spot after contracting for a year (at a 15% increase). I'm very happy it happened, now, at the time, not at all.

reposted for typos

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Post ID: @6kxe+15PFOMgD

I got RIF in the class of Sept, 2017. I was 59 years old. I landed in a great spot after contracting for a year (at a 15% increase). I'm very it happened, now, at the time, not at all.

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Post ID: @6lbe+15PFOMgD

RIF'd in 2017 as well at age 50, was a Senior Manager w/ 20 years tenure. Took well over a 1.5 yrs to find an IC with much smaller company paying ~25% less. So depressing being interviewed by folks with little or know training and being passed over for 20 somethings. Recommendation to others: Don't stay at Oracle any longer than 5 years, no matter what. Leave then go back a year later if you want so you can get that raise, RSUs/Options/etc. You'll also do much better with a little Oracle on the resume than you will with a lot.

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Post ID: @5taj+15PFOMgD

It cuts two ways....the look. Worse you scare the interviewing dictator because he knows you have more experience than him.
In retrospect it’s funny.
At the end of the day when your life ends, it doesn’t matter whether you were at Oracle or under the bridge.

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Post ID: @3ses+15PFOMgD

Hope? It is called the resurrection.

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Post ID: @2ste+15PFOMgD

NO HOPE

NO FUTURE

NO F-ING JOB

YEAH

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Post ID: @2ihh+15PFOMgD

Friend of mine was RIF'd from Oracle at 59, got another job making MORE money.

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Post ID: @1yah+15PFOMgD

That is great news! I'm not sure they employers are viewing older workers negatively as much because millennials are more insistent on work/life balance (and they should). The older generation work like dogs and are worth keeping in my view. Based on my experience, the younger workplace are more chaotic with audit issues and short cuts on processes whereas workplaces with older people tend to be more conservative with a clearer process in place. They've also seen more audit pains so they know to behave. Just different styles of management.

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Post ID: @1okd+15PFOMgD

Just FYI, Rimini Street hires ex-Oracle support engineers and pre-sales consultants (SSAs) who have at least 10-15 years of experience. https://careers-riministreet.icims.com/jobs/search?ss=1&hashed=-435741651

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Post ID: @uhe+15PFOMgD

All these info indicates that we should start up our own business earlier

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Post ID: @qjr+15PFOMgD

To Post ID: @anq+15PFOMgD:

I'm the OP. I live in the SF Bay Area and I'm single. While I was unemployed, my elderly mother was diagnosed with cancer, along with her many other ailments and was hospitalized 8 times. So I was out of work, taking care of my mother, and living on savings, paying for COBRA. Going on management-level interviews in SF and being interviewed by 20-somethings, knowing it was a waste of my time. Did I get discouraged? Yes! I considered moving to a cheaper area but I had to care for my mother. I considered selling my house, putting everything in storage and couch-surfing for a while, but I didn't do it. I racked up some credit card debt which I'm working on paying off. Looking back, it was somewhat of a blessing that I wasn't working so I could take care of my mother. I started the new IC job 2 months before she died. It's during the hardest times that you find out how strong you are. And that life can be good even if your circumstances dramatically change. And that your true friends will be there for you. Or you can give up and k–l yourself. To each their own.

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Post ID: @yxh+15PFOMgD

To Post ID: @anq+15PFOMgD:

I'm the OP. I live in the SF Bay Area and I'm single. While I was unemployed, my elderly mother was diagnosed with cancer, along with her many other ailments and was hospitalized 8 times. So I was out of work, taking care of my mother, and living on savings, paying for COBRA. Going on management-level interviews in SF and being interviewed by 20-somethings, knowing it was a waste of my time. Did I get discouraged? Yes! I considered moving to a cheaper area but I had to care for my mother. I considered selling my house, putting everything in storage and couch-surfing for a while, but I didn't do it. I racked up some credit card debt which I'm working on paying off. Looking back, it was somewhat of a blessing that I wasn't working so I could take care of my mother. I started the new IC job 2 months before she died. It's during the hardest times that you find out how strong you are. And that life can be good even if your circumstances dramatically change. And that your true friends will be there for you. Or you can give up and k–l yourself. To each their own.

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Post ID: @qzp+15PFOMgD

Same exact situation here. Laid off as a director at age 60; found an IC software engineer spot with a 37% pay cut, but with health insurance. Since I have saved well enough for retirement, it's all about maintaining health insurance and the salary, though smaller, means I will not have to start burning through savings yet. The job came to me through someone in my network and it only took 10 days. I am very grateful. Good luck to all.

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Post ID: @dmt+15PFOMgD

Why be a slave for corporate world and have your well being dictated by another company. Work and invest your money in something so when the time comes, you can comfortably walk.

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Post ID: @wst+15PFOMgD

This is hope? 50% reduction in salary? 18 months to find a job. IC versus manager, I don't really care about but I could not live where I live on 50% and 18 months with no job would be impossible. I'd probably off myself.

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Post ID: @anq+15PFOMgD

Not if you are in sales support. When’s the last time you saw an SC over 55? Answer? Not today. When you interview, there’s a certain look you see, and you know what it means. Glad you found work though...

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Post ID: @zeb+15PFOMgD

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