Think about it. If you’re laid off and get severance, assuming you’ve been here long enough for a decent package, you at least have a safety net that gives you six plus months to find something new. It’s stressful, no doubt, but I’m not sure it’s any worse than being employed and worrying about losing your job every single day.
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Plus six months of unemployment.
@OP not everyone has been with Oracle for a long time
I appreciate a5's rather stark rendering. I don't think it's far off- but, I also think you can make the transition to a new and better job without torture. It took me 7 months. The new job pays better and has more long term upside (yes, AI..). I took advantage of the flexibility and free time to do all sorts of things I always wanted to do. Most importantly, sleep, exercise and better food. More time with my kids. More time with family. A great reset and brighter outlook. My path was to tool up, build and learn for a couple of months. Job search activities were always less than 50% of my time. My point is.. you can come out way ahead when they kick you to the curb. Just blaze your trail.
With a recession looming? It can get much, much worse.
It can get a LOT worse and fast. Not having a job and not knowing when you will get one is way worse than having a job and worrying that you may lose it. Not having a job means no paycheck and the severance will run out. Being miserable at work still has a pay check and benefits. The job market is far worse that you think. You can and should be looking for a job while you are still employed. It's easier to get a job while you still have one, it just is. Do whatever it takes to stay employed for as long as you can. If you have been there long enough to get a big severance you are older and job discrimination exists and it starts around 45 years old. If you are in your 50s or 60s forget about it, you are going to be unemployed for a long time. The war in the middle east is getting worse by the day and it will impact the global economy for a long time.
Don't for get about taxes on your severance. They take a big bite out of it up front.