if you think you are safe, No.
you have better chance finding a job in the same career path while you are at the job now, not after getting laid-off.
12 replies (most recent on top)
@f3 Agreed, ORCL isn't the only place laying off. The most you can count on at a new job is a couple of years.
Its wise to be ready with an offer even if you decide not to join. In current market it may take up to 6 months or more.
Even if you are not laid of you may get a decent hike and you'll be prepared and ready for the new job in case you are laid off.
@g1 to do what?
I am getting plenty offer/traction with Oracle Partners, AU related and OCI.
@df your assumption is if you leave you are safe and there is no guarantee of this
@aj if you are in Oracle there is high chance you could be laid-off and become unemployed so do the switch when you can.
@OP, but that goes against the tenets of The Oracle Doormat Principle! Most Oracle employees have spent years making excuses for staying put. You can't expect them to suddenly get religion and take action on their own behalf now can you?
/s
@ae I understood your point. Getting a new job doesn't mean you will keep it if the economy goes sour. There is risk with staying and leaving.
@a3 the job market it still there, the idea is to see if you can get a better deal with another company while you are employed with Oracle, not after getting laid-off where you would be in a worse position when finding jobs, and when the market keep getting worse from year to year.
@a3 I could not agree more with this , in my case I work for Oracle in a highly protected EU country , which means if they lay me off , I will get a good severance which together with unemployment money will allow me to get the same money for almost 1 year and that is with a 3 year tenure only , imagine long tenured employees .
Last year I started to look for Jobs and after getting some interviews I only got 2 offers : one for a smaller company with a 10 % pay cut , same role and another one with a 30% pay rise for a well known company in tech assuming 3 days in office ( 9 plus hours conmnute) and known for high pressure and toxic environment ..:
Here I have a Job I dont dislike with people I get along with , it does not look like such a bad idea to jump to another insecure , lower pay or toxic environment .. I would rather take the risk of a layoff : 20 % ???
I agree that people should be actively looking for jobs but there is an argument for the other side too. For discussion let's say Oracle lays off 15% of the workforce, 85% will still have jobs. For Oracle to tank completely it will require a total failure of the AI bubble. I personally think that this is likely to happen soon. If this happens it will impact the global economy and not just Oracle. Layoffs will likely extend to companies in all industries. Assuming you did find a new job soon that will make you the new untrained person in the new workplace. You might get laid off but it will be at a company where you have no seniority and will likely get minimal severance. At this point, it is kind like living in the path of a cat 5 hurricane but you didn't leave because you thought you were safe. Now your choice is shelter in place or make the last ditch effort to get to safety. If you go for safety you might get caught in a more vulnerable situation. Either way it could be a rough ride.
And half the tech jobs out there showing as open are being filled internally or aren’t real. It’s time for people to pivot to other industries and trades; which this country needs. Being sedentary at a desk for 30-40 years isn’t cool. It’s lazy.