Note: Used AI to clean up and organize the wording of this post. The information and content are based on what we’re hearing from our contacts. AI did not generate the information.
The dates being discussed are not completely baseless or intended to add fuel to the ongoing rumors. They are based on information we are hearing from reliable sources.
The dates being mentioned are Sep 14 for the US and Sep 14 or 16 for IDC. One reason being discussed is that last time there were legal considerations around the Sep 2 timing and stock vesting, so there may be an effort to avoid similar issues this time.
Again, none of this is officially confirmed. This is simply what we are hearing.
If multiple people on Blind and here are independently talking about Sep 14, there could be some truth to it. Something similar happened last year when there were a lot of rumors about Sep 2, and the layoffs did happen on Sep 2.
Potential impact:
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Based on what we are hearing, the impact could be mostly GVPs, middle management (M2/M3), and some ICs. But this is also not confirmed
###What you can do between now and Sep 13 midnight.
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1). Back up your personal materials
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Do not take Oracle proprietary or confidential materials. But download your personal documents such as paychecks, benefits information, contact details, performance records that you are entitled to keep, etc
2). Get your personal laptop ready
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Have your personal laptop set up with everything you may need for a job search. If something happens unexpectedly, you don’t want to be trying to transfer everything from your work laptop at the same time
3).Understand your health insurance options
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If you’re concerned about coverage, call Covered California this week and understand your options (Blueshield Silver instead of Cobra etc) before you need them. Don’t wait until the last minute. Also understand how WARN and COBRA work so you can make an informed decision based on your situation.
4). Review your life insurance
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If you currently have employer-provided life insurance, understand what happens to that coverage after termination and consider whether you need a personal term life insurance policy to protect your family. You can buy 20 year term insurance plan this week
5). Be prepared for the process
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If a layoff happens, you may receive a meeting invitation such as a ‘business update’ with your manager Sunday night or Monday morning (or just an early morning email). They will explain the next steps, including severance, benefits and returning company equipment. Follow the official instructions you receive.
6). Don’t panic
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If it happens to you, take a breath. Understand your severance and benefits, and apply for unemployment through EDD if you’re eligible. Give yourself some time to process everything.
7). Start preparing now
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Update your resume and LinkedIn profile. Start applying for jobs and consider using the time to upskill, especially in AI. You can spend part of the day applying and part of the day learning. It may take some time, but don’t give up.
Layoffs are happening across the industry, but the uncertainty and repeated restructuring can be very stressful. If something does happen, remember that it is not the end of your career. Take care of yourself, stay positive and focus on the next opportunity.
Hopefully none of this happens 🤞 But being prepared is better than being caught off guard.