Thread regarding Oracle Corp. layoffs

@en
let us know when you produce an advanced civilization
i haven't seen anything yet

@cd Apply to training through OIWA and you could add 26 more weeks of unemployment benefits.

Wow, the sheer arrogance shown by a lot of old codgers in these comments is stunning. Attitudes like "let 'dem hiring managers know that they need you, not the other way around". Now there's an attitude that will ensure you never get another job offer!

So codgers, feel free to sit on your fat chops for as long as you want. That supposed "big RIF payout" from Big O is gonna be taxed bigtime, and it won't protect you financially for very long.

F.I.R.E. plus Looking forward to Universal High Income ;0);0);0);0);0)

@cd Brilliant!! I was thinking about stringing unemployment along for a while just because after 45+ years of working figure I've paid my share and why not. Its not a lot but figuring that it would be a nice addition to the $$ we have socked away and is way more than sufficient.... Thank you!

@b3 Maybe not 'everything' was done correctly but all in all we are in a really good spot. Now just need to figure out if I try to find something to fill that daily void or just learn to live life instead of work BEING my life. Look at this time as a paid vacation until 6/1 (in some of our cases, others had last day as 4/10) then look at the severance+vacation time payout +Oracle paying 30 days of Cobra as a bonus.
Had been planning to leave for a long time, but figured I'd wait it out until something like this happened and get something out of Oracle after 2 tours of duty though both tours were like being sent to the south of France rather than into a combat zone =) Now the problem is changing our mindset from 'live below our means and save' to 'smoke 'em if you got 'em, you have way more than you need'. Expect it will be good times and much as I dislike the way this RIF was handled, still have to thank Oracle for 'all the fish' over the years =)

I think as we get older we see and understand that having your house in order is important. I'm 62. Retiring I hope at 65. I say I hope, because they may try to keep me on, at least part time.

I hope you’re right. I’ll be getting 450 per week in unemployment. I just tailored my resume to make myself very unattractive. It gives clear hints about my age and if they try to schedule an interview, I’ll ask to reschedule to very early morning as “Traffic kind of triggers some anger issues I’ve been dealing with” LOL. My new retirement job is keeping the unemployment checks coming as long as possible, then I’ll retire for real.

@b3 if you are planning on retiring just ride it out and you will get the payout. Layoffs aren't even close to being over. If you are prepared to retire now everything is just gravy. More salary paid, you don't need to pay for health care yet, and the severance is a bonus

@a9 Sounds like you did everything right.

People need to remember that there's no such thing as a job for life these days.

Plan, invest in yourself and your family.

I'm hoping I'll get picked soon before I choose to retire early.

A retirement bonus / severance payoff from Larry would be nice.

We chose 'save young' and saved regularly and consistently for a long long time. We lived below our means but still did lots of amazing stuff every year. Didn't brag, didn't feel the need to keep up with the Jones' (they are usually broke trying to show they have 'made it')
So, after being laid off recently it was exactly what we were hoping for, we can now engage Plan B and enjoy our lives and then some. Oracle may have su-ked for a number of things but the benefits were awesome. All of my kids were born using Oracle Health, some now are about to hit 26 and have to find their own way, but they were covered for decades. Always a silver lining to every tu-d...

@a5 nice story. What you said about having your financial house in order is true but that's all. Age discrimination exists. Right now there are more people looking for good jobs than there are good jobs available and it will be getting worse.

You are describing a point in the past and not the present. Certainly not how things will be in the future.

It's less about age and more about desperation. If you're 50 you should be financially secure enough that you show no signs of desperation in an interview. Find the right job, the right position, make it clear they need you (not the other way around). Let them know you are interviewing them as much as they are interviewing you. Financial freedom gives you options. Maybe this is a lesson for those 40 reading this - get your financial house in order.