Dear friends and colleagues,
Please dont be disheartened if you were a part of the current downsizing drive.
You will soon find a equal or better alternative.
The more flexible you are about the type of company, location within the city, willingness to relocate, the sooner you will find your new job. Moreover Oracle's salary are the among the lowest if you have been for more than 3 years, so you will infact get a better deal. If you have worked more than 8-10 years, you probably require 2 job-changes to equal the market salary. So please consider this as your opportunity. Considering that workload has increased manifolds in last 2-3 years, you would have never found enough time to prepare for interviews, would have kept working on something which may not have made you eligible for your next move, and would always be in suspense before every hike/bonus/share periods.
If you are let go , please concentrate all your efforts on finding the next job - updating CV, applying, reaching out to people for references, dont have any ego in reaching out to people for help (lay-offs are a part of private jobs, and its not about you). Dont waste time on anything that does not add to finding your next job.
GUYS...REMEMBER YOU had QUALIFIED 8-9 ROUNDS (MOST CASES) TO BE SELECTED FOR ORACLE IN THE FIRST PLACE....YOU ARE THE CREAM OF THE MARKET (PROVIDED YOU TREAT YOURSELF AS ONE)..the world treats you the way you treat yourself. So treat yourself with respect and dignity.
Please remember whenever there was mass lay-offs (Lehman Bros, Morgan Chase, Satyam etc.), a good number of employees actually got better deals...Mid-level companies are actually looking for talents....keep you moral and confidence high.....Again, in this case it's not about YOU, it's about the COMPANY.
ALL THE BEST !