Thread regarding Oracle Corp. layoffs

@OP Ask your manager to put you on the RIF list. They've often been quite accomodating of this.

Pensions should be available to private-sector workers as well. It feels so unfair that we don't have any guaranteed retirement benefit. Does anyone know which group has the most lucrative pension retirement plan in the U.S.? ;0);0);0);0);0)

Here in the US there is zero difference.

I resigned/retired to join a startup last year.

When you decide to hit the Eject button, and you log into the HR self service tools, you'll see there is only one button: Voluntary Termination.

It asks you the effective date: I made it immediate. HR generates an automatic email to your Manager that says "Do you accept this employee's voluntary termination?" He immediately replied and said "It has always been customary to provide a 2 week notice to an employer."

[LOL How much advance notice did Oracle give the thousands of folks on Tue morning and all the other times?]

For folks who are eligible for Medicare plans A and B, definitely set that up before you hit the Eject Button. (Unless you're INS is covered by a spouse/partner). You're not prevented from starting Medicare Plan B (and supplemental plans G & D) if you're still under Group Ins.

I gave up some unvested RSUs, but was very happy to get out.

Just stop working and see what happens. Why resign?

Keep the bench warm whilst you decide.

Resigning and retiring are effectively the same as you are voluntarily giving notice to quit employment.

Make the most of any benefits before you go and also hope for severance payment before you leave.

If you don't mind working for a few more months, that's what I would do. Because you might just hit the "retirement jackpot" of being laid off between now and when you're planning on leaving this place. It would be sweet to be able to wrap things up, with a parting gift of a nice big fat severance stack of cash on the way out!

Don't hold out indefinitely waiting on a severance package, but give it say until after the Spring 2027 bonus hits. Don't let anyone at work know that you're considering retiring soon, because then for sure you won't be laid off! If you haven't been laid by the time the Spring bonus hits, then just retire. It doesn't seem as though there's that much difference between retiring and resigning in terms of money. Just as others have said, if you need to coordinate Medicare/health coverage with HR, make sure you get whatever documentation/paperwork you need for that.

Be sure to d-load any and everything from company systems which you'll be wanting to save, before you give notice. They can cut you off really quickly, and you want to be sure you have contact info. and any of your own docs and HR info. needed before they get wind of you leaving.

Enjoy your retirement, and have FUN!

This is a tricky one and has several dynamics and factors. I just went though this and would be happy to talk offline if desired. Here's a few high-level considerations and some thoughts:

• First are you really ready and prepared to retire? If you think yes:
• What is the 'plan' - what will keep you engaged and curious?
• What's you next purpose?

Oracle:
Never trust them-ever.
How bad is it? Are you just 'done' but have energy to do sometyhing else?
Depending on the relationship and level of trust with your leader raise the subject. If there is no trust - you have to weigh options and be silent:

• Do you have a budget an plan for retirement
  • When do the RSU's vest; if soon -does it make sense to wait?
  • Have you factored Medical coverage (expensive if in US): Medicare eligible?
  • Try to cut a deal that works for you and transitions your role/respoonsibilites.
    ** Be fully ware -they might just say thanks you're done.

@a7 Yes. This!

I would add to also set up medigap coverage, This covers procedures and issues not covered by Medicare. AARP is a good reference here, as are other places you might find from a web search on "medigap". Pay particular attention to dental coverage.

Assuming in the USA and you are 65+, get your Medicare set up before you leave.
If you are in Medicare deferment with Oracle insurance, you need to fill out the federal paperwork to document that deferment.
Go wisely and congratulations on your future.

In the UK, there is no difference between the two. Retirement = Resignation “Voluntarily Self Termination”. No package to speak of (bar pay due, unused holidays), notice period contractual - usually a month. Discuss it with your HR representative, there a couple of documents on it; the procedure, etc. That’s the practicalities, the rest is what you can arrange yourself - if you are in an office, you might get out for a drink with your colleagues. That’s it, job done - literally.

Operationally there is likely no difference. Oracle won't pay you any severance.

You're simply quitting, and choosing to fund your life expenses another way. And what you do after your Oracle employment has no bearing on how Oracle treats you.

Some people choose to be nice and give a nice long runway notice to choose a date if they are retiring, allowing the organization to backfill or reorganize tasks and do knowledge transfer. But I don't think there's any obligation here.

I suspect the above is similar in all jurisdictions.