Thread regarding Oracle Corp. layoffs

Highly likely they are interested in your valuable O experience and wanted you to transfer all the O processes and knowledge you know to them. How come they offer you the junior tech project manager role? It’s probably the position where they can ask you about anything you know from O

                       -  popo in the dark 🥷🥷🥷 😂🤣😂

@1yw Plus whatever your state requires.

The deductions were 22% FIT, 6.2% SS, 1.45% Medi, so 29.65% overall

@pb Withheld. You might be able to claw some of that back of April 15

@q3 I pay zero California income tax, Legally too!

@q3 It pays for the donuts of your neighbor.

@pb Filing status count too

@k3

HAHA...I barely made half of the taxable limit bro. I was actually surprised, because I read that supplemental income was taxed at 22%, SS at 6.2%. I guess I got Medicare taken out too?

But what state has a 14% income tax?

@jt You have probably already maxed out SS.

@je

Almost 45% taken? So odd, my tax withheld was about 31%. You have a large state income tax?

Just take the new job and run from O. I recently got my severance (Max weeks you can get) and was shocked that net was peanuts after almost 45% deducted as taxes. So don't stay for severance if you already got an offer. The job market outside is pretty bad and am still looking. Don't stay for AI certification etc..O certfication has no value.

I suggest you stick it out and take advantage of AI training/certifications. This will be valuable in your resume as well as help kept you relevant at Oracle. Things are indeed bumpy now, but all companies are going to a paradigm shift associated of AI. With that said, going to a new company for a lower level position and pay hurts you in two ways: 1) shows that you took a step down on your resume and 2) you are at greater risk of downsizing as a new/junior position in a climate where layoffs are in the rise.

If you will have decent severance ... stay!

Else RUN RUN RUN!

@de The AI hallucinations are going to be epic.

Don't sell yourself short. If your day to day is still a decent experience, stay.

AI will cut PMs as well

@bn Consider that other employers are also trying to transition to AI. Your tenure at the next cantina could be shorter than you expect. Choose carefully.

Soon they will replace all, better to leave.

Without knowing more about this "medium sized" company it's hard to say.

• Are you being hired because they are growing, or are you back filling because someone resigned?
• Are they going through massive growth?
• What is the turnover there? Are there a lot of long term people, or is everyone new?
• How good are the benefits? The amount of paid time off can be a good indicator. Is the insurance any good? I once worked at a place that changed insurance providers every year to get the lowest price possible.
• What vibe did you get from them? Would you consider making this move, especially with the huge pay cut, if there were no layoffs? We often complain here that pay at O is below market , and your new pay would be much lower.
• What is the new employer's reputation with raises?
• What do people on glassdoor say about the company. Keep in mind there will always be some people who are dissatisfied or disgruntled.

@OP You can take it. Stick it out there for a few years, you might wind up making the same as at O or more.

If possible, try not to let the 20% paycut dissuade you. Think ahead a few years. Compare a few pay raises and possible promotion at the new place to staying at O where you get zero increases to your current salary at best, or an undeserved pink slip at worst. Ultimately you may find that a little short term hardship may pay off in the long run.

You go man! Don’t miss the chance to leave a sinking boat, the 20% less pay is the smallest problem in this exact situation.

How long have you been at Oracle? If laid off you will get 4 weeks plus one week for each year of service, capped at 26 weeks (subject to tax, of course.) Not bad if you p,an to leave anyway.