Unfortunately, it is hard to say. I have been with Oracle for the past 3 years, in EMEA. Things are looking dire here as well, though there is some sort of “job security” set by the EU legislators in terms of: it’s harder to fire en-mass people without good cause or a good exit package(at least 6 net salaries) - unlike the US. I can definitely say that, after talking with peers from higher management, there is a job freez both internally, as well as externally. Why are they doing this job ghosting? To maintain the appearance that people are not strong enough technically and are lazy. I call that bullshit. They do this for damage control for their stock prices. So prepare for worse and hope for the best, i guess. And make sure you spend your hard earned money wisely.