I keep reading and hearing conflicting reports from people who have been laid off previously or who have left on their own. Either it's a piece of cake to land a much better job or there is absolutely nothing good out there and the only options are at half the pay - at best. There is no middle ground, it's either-or.
What is the truth? I haven't been laid off yet, but it would be nice to know what the situation really is like in case I'm next.
To echo comments. It is often who you know, and what value you bring. I was let go by Oracle and walked into a job - I had 4 offers to choose from at the time. However it also depends on what your speciality is. The IT industry has seen a lot of churn, and at times, there are a lot of people looking for jobs - you have to differentiate yourself from the masses, and sometimes that can be difficult. You have to keep plugging away and the right opportunity will come up. Age is definitely a factor, but can be countered by experience - as long as it is relevant and current experience.
One word: age. The older you are, the harder it is, regardless of skills and exp. age bias is here, whether we like it or not. Many companies practice it but will never admit to it.
It's tough and rightly so for the complacent Oracle worker who is a tech dinosaur.
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 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 !
“The world needs ditch diggers, too.”
One thing has not changed: it’s who you know, and what you know, in that order. Dust off your network, or create one. If you do software, start some projects on git or similar. PRojMgr? Write about how you dealt with obstacles, or do a listical or infographic to show off your thinking and brilliance. Financial professional? Make sure you can tell the stories of how you saved your companies money, time or both. We are in the thick of the Information Age, and that is clearly demonstrated by how the job market works now, for emps and employers. Information, data and KPIs. That’s the name of the game now.
Short version: my experience was I landed a new job, but it took a few months for same pay but more opportunity to climb , better 401k and benefits.
Longer version: There are lots of jobs depending on whether you can work remotely, or are willing to relocate or do contract for hire. I was pelted endlessly with requests from recruiters about contract for hire positions.
Hiring agencie were a complete waste of time IMO.
Dust off your resume now if you need to. And get a few courses under your belt for new stuff if you need to.
I saw very few positions even mention Oracle as a technology requirement unless it was DB or Finance and if your in Cloud, not a single mention of Oracle Cloud, it was AWS and occasionally Azure or GCP.
The answer to your question may be location dependent, some areas are easier to find new jobs in than others.
If one is not averse to working remotely, you can search for "virtual jobs" - at least that is what they are calling them on Linkedin and maybe other places. You can set up job alerts to let you know when certain job titles become available.
You do want to be prepared ahead of time; have your resume updated, maybe formatted by a professional, then update the job search sites with the information. Recruiters scour those sites daily looking for folks to fill positions, whether you are looking or not. Just put yourself out there if you haven't already.
In any case, best of luck to you!