Thread regarding Oracle Corp. layoffs

Separation papers

It felt like I was signing divorce papers from a bad marriage. I'm very glad to be out of that company. The max severance package and unemployment are like having a hot girl say she just wants to hang out with you after your divorce but nothing serious, just casual fun. After that, retirement and traveling around with the actual love of my life. I ran the numbers, it's like getting a ~$100K payout into retirement. I'll happily take this over a retirement card and going away gift at a pizza party.

Assuming more layoffs are to come, and if and you're in a similar time in your life, I highly recommend trying to manage the last days of your career aiming for a layoff rather than announcing a retirement date. If I would have told them I was retiring in May, I don't think I would have been laid off, so keep that info to yourself. Don't tell a soul because it WILL get out if you do, and that could be a very costly mistake.


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Post ID: @OP+1kp3mrtca

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Ditto here, did the same last August. But on top of that 6 month severance and multiple months of unemployment, came the chang-ching of cashing out another ~$300k of stock options in September. I'm very grateful they kept us onto the payroll until the vest date. Add that to the options I cashed out over the past 29 years, and I'm done. A very comfortable retirement before age 60. No regrets, Oracle did very well by me and my family. Thank you LarryE!

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Post ID: @c9+1kp3mrtca

@OP That’s what I was aiming to do, but for family reasons I had to take the plunge and retire this time last year.

If you’re approaching retirement and you have the funds (with any luck being added to by Oracle laying you off) I highly recommend it.

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Post ID: @ae+1kp3mrtca

I was in the same situation last year. I was 67, and was planning on retiring in June 0f 2026 but I never made that official. I was already collecting SS. I got RIFed in May with maximum severance and after that ran out I started collecting unemployment which ends in July 2026. Not a bad, end of career retirement package.

I don't have anything bad to say about Oracle, I enjoyed my time there and the people I worked with.

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Post ID: @a8+1kp3mrtca

@OP much the same here with a couple of my colleagues and I, we did NOT want to use the handy dandy 'Retire' button conveniently added to Self Service apps. We were biding our time, watching the comedy of errors that was unfolding. Then our management chain loses key players, the next week a sh-t ton of us receive a super classy email that after 25-30 years of service/loyalty 'our services are no longer needed'.
For those that prepared and paid ourselves first for most/all our Oracle tenure we feel for those that didn't. And for those where the Warn act was not in effect and their last day was April 10 instead of June 1 like others, be strong and live on

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Post ID: @a6+1kp3mrtca

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