You may have noticed that the accurate reporting of layoffs has suffered recently... a lot of layoffs predicted never happened, and many that happened came without warning. I was privy to news from a GVP in the sales org that would let me know.
When I asked him why he didn't give me a heads up on a couple of recent moves, he said he had no clue. Basically the GVP roles got to pick who got laid off and what quarter, so they knew ahead of time and would share the info with their favorites. That all came to an end a few fiscal quarters back. He told me that the layoff selection was pretty much out of his hands and if he got notice it was like 24 hour notice, his time was spent at the last minute deciding who got let go.
The idea for him and other GVPs is to have a list ready of people to drop, so at a moments notice he can let them go. Absolutely no warning is given at the GVP level anymore. To say the least its unsettling. He told me he feels like he is hanging on t o a cliff wall himself, just by his finger nails. He has been looking outside Oracle for a new job, but his grey hair and long tenure at Oracle make it very difficult for him to find anything like his current job.
Severance packages are no longer guaranteed, but he is holding out in hopes at his level he will get one. To that end he has retained a lawyer and spent considerable time gathering damning evidence of HR violations to provide in court, emails etc... to show that the business practice was at least unethical. The good lawyers are whispered word of mouth and kept close by the VP level managers.
You can get the basics of how to find one here:
https://www.nolo.com/legal-encyclopedia/hiring-lawyer-your-layoff-case.html
https://www.nolo.com/legal-encyclopedia/laid-off-rifed-do-you-need-lawyer.html
https://www.lawyers.com/legal-info/labor-employment-law/human-resources-law/employers-must-follow-many-laws-during-layoffs.html
https://www.lawyers.com/legal-info/labor-employment-law/human-resources-law/employers-must-follow-many-laws-during-layoffs.html
The key with the layoff lawyer is some form of severance should be required and if you don't get it that can be a cause for legal action.
Just thought I'd share why I haven't been posting rumors... assuming others are posting rumors for the same reason... there are no rumors because the managers and GVPs have no clue when its coming.