People who were laid off recently, how are you doing on finding new jobs? I'm asking about the availability of something that is comparable to your previous job at Oracle in pay and benefits or at least somewhere near it? A few people I know who have new jobs had to settle for nearly half pay compared to what they used to earn here. Is that what's been happening to everybody?
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I got some leads on jobs that made sense for my skills only to find the requisitions were removed. For support background I am not seeing anything to even look at. I too am about to turn 60, will be looking more externally now, but sort of waiting for the dust to settle.
There are some but I doubt covid is done causing damage. Oracle doesn't innovate, it buy existing old technology that nobody wants, it's a bad position to be in when hit by a pandemic. Oracle may buy a few companies during this pandemic, but ROI is way in the future. Bad spot to negotiate a good salary and future pay increases.
So the ones that left Oracle on their own get a pay increase at another company. The ones that stayed and get booted involuntarily cannot find a job for the same pay. How ironic?
I have been looking since my manager was let go last year. Once he was gone I knew I wasn't protected
so basically been looking since then. Let my guard down during the pandemic and sure enough I got whacked last week. Not crying, because product I was supporting was EOL anyway and hadn't got so much as a penny for a raise for the 2 and half years I had been there, but I turn 60 the end of the month so not exactly a spring chicken. The few interviews I have had since were for similar positions but for 20K less?!. Think I will wait it out for a few months anyway but once severance dries up I will probably have to take whatever I can get and drive for Uber on nights and weekends. Thanks Oracle!
I left in November for my new job with SFDC. Very happy with new life. I increased my base salary by about 10% and have actually achievable bonuses. Over about 5 yrs I saw my take home slipping every year. Oh I am also over55.
I think it will depend on your skill sets. I left Oracle on my own (before the pandemic), received a small pay raise when I did. I receive quarterly bonuses (~4% each quarter), and already have had a pay raise, so up 10%+ in a little over a years time (not including bonuses). Be honest with yourself, ask if the area you are in is going to get RIF'd (trust your gut and what you see, not what management is telling you)? If yes, then ask yourself do I want to take the package, and then what ever I can find, or do I want the ability to say no to the job. Having a job while you are looking sets a certain bar for the prospective employer, and allows you to say no thank you a lot easier.
Oracle executives work for Wall Street and its investors, not for its American employees
I left before they could RIF me. I did take a pay cut, but it wasn't that large - certainly not 50% and the benefits offered (retirement) were superior to Oracle added up to about the same in terms of pay lost. I'm in my early fifties. I think it depends on where you live too, I know someone who got a similar job at the same pay, after only 3 months but they live in Silicon Valley. I would try first to match your pay.
I was laid off in April and had a lot of interest at first, but the jobs quickly started drying up as companies started placing them on hold. I am over 50, which also did not help. I did find a position; it does pay less, but the hours and responsibilities are also fewer. I'm using the extra time to pursue interests outside of work, but I am also enjoying some challenging problems with the new job and working with a nice team.