To those that have been through the layoffs before, what kind of non-compete do they put into your severance letter? Just wondering how long I have to wait before I can approach existing customers in a consulting role?
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As Long as you don’t disclose oracle IP or client business you will be fine. Non competes are pretty much worthless. They can’t stop someone from earning an income in your chosen profession, and separately the non-compete is open to interpretation.
zero non-compete....you are free to do what ever you'd like.
Found this in my on boarding docs - I think you'll be okay depending on what kind of consulting you want to do: "Where my conduct would constitute a misappropriation of trade secrets, unfair competition, other civil wrong, and/or if I live or work in a state or jurisdiction where such conduct can be lawfully prohibited by an employer, I agree that I will not, for a period of twelve months after the termination of my employment with my Employer, for my own account or for the account of any other person or entity, solicit, call on or provide services similar to those which I provided to customers or clients of Oracle during my employment, for any of Oracle's customers or clients or prospective customers or clients if I solicited, called on or performed services for that Oracle customer or client or prospective customer or client during the twelve months preceding my termination."
I was an OCI sales engineer and recently got laid off with a generous package after 10+ years. No non-compete.
Speaking for myself I wouldn't worry about it. I was with Netsuite and now work for a partner. There is mention of a "restrictive covenant" but its in your offer letter. I did not have to fill out anything when I quit.