A good number of us who are laid-off, were actually looking for an opportunity to leave Oracle, because hike is a non-existent concept, and bonus & shares are mostly for favorites. Even if you got the hike, you were so lost being happy about it ( since hike is only for 70% -80% of people, not all employees) that you forgot to compare it with the market rate. There by getting behind the market every year in SLOW-MOTION>
The the obvious question- "Why didn,t you leave, if you were so unhappy?...and that when your salary was much below market rate ?"
The answer to the above is ," Ladies & Gentlemen.....Boys& Girls.....we could not leave on our own because we were made to work on outdated technologies, which were NOT-MARKETABLE elsewhere...So preparing for external interview requires SEPARATE TIME.....and we could not enough time get that earlier, because since last 3-4 years, there is overload of work , indirect threats and team-meetings at ungodly hours...This is besides the fact that in recent years there is tracking and reporting of almost every hour of work leading to stress...So there was not enough time for preparing for interviews with dedication"
This Lay-off is a blessing in disguise....there can be some delay in meeting market -standards (since Oracle has made us outdated and irrelevant to the latest market requirements), but the end result would be better than sticking in a place which does not provide growth and makes a Dinosaur out of you.
Well said @YsMxrGK-1wtc .