In this Perspective, we describe recent advances on Pd-catalyzed oxidative cascade carbocyclizations. These cascade processes enable efficient construction of the molecular complexity and structural diversity of carbocyclic compounds via introducing diverse functionalities concomitant with multiple C-C bond-formations in one-pot operations. In many cases, these processes are facilitated by Pd-catalysts alone, while cocatalysis by combination of Pd catalyst and other catalysts are also discussed, since they represent a new entry to address the preparation of functionalized cyclic compounds with high efficiency and selectivity.