Oracle Corp. cut jobs in marketing and the US customer experience division, signalling a pullback in customer analytics and advertising services.<\/p>\n
Some workers were told Monday that their positions had been eliminated, according to four people with direct knowledge of the matter.<\/p>\n
Junior sales employees as well as a division sales director were among those let go, according to one former worker who lost their job and asked not to be named to avoid professional repercussions.<\/p>\n
Rumours of pending cuts had swirled through the division in recent weeks, but management said the positions were safe, one former employee said.<\/p>\n
The customer experience division provides analytics and advertising services. It has long lagged behind the growth of the rest of the Austin, Texas-based software company.<\/p>\n
During an event last year, Executive Vice President Douglas Kehring said the unit had \u201chistorically been probably a little more disappointing than it should have been.\u201d<\/p>\n
The company \u201cdecided to reorganise\u201d the customer experience group \u201cand move on,\u201d a former senior manager of sales engineering, whose position was cut, wrote<\/a><\/strong>\u00a0on LinkedIn.<\/p>\n In a separate post, another fired manager cited the restructuring for the job reductions. Some marketing positions were also cut, according to LinkedIn posts by a former senior manager and group vice president.<\/p>\n The job reductions come as Oracle looks to health care to spur the company\u2019s effort in the competitive market for cloud technology.<\/p>\n Earlier this year, Oracle completed a $28.3 billion purchase of digital medical records provider Cerner Corp., seeking customers in an industry that has been comparatively slow to adopt cloud database technology.<\/p>\n Oracle didn\u2019t respond to requests for comment. The extent of the job cuts that began Monday couldn\u2019t immediately be determined.<\/p>\n The shares declined less than 1% to close at $77.44 Monday in New York, and are down 11% this year.<\/p>\n Oracle Corp. cut jobs in marketing and the US customer experience division, signalling a pullback in customer analytics and advertising services.<\/p>\n","protected":false},"author":341034,"featured_media":417874,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[12083,3372,79730],"class_list":["post-454953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cloud-hosting","tag-job-cuts","tag-oracle","tag-software-companies"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/454953"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/341034"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=454953"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/454953\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/417874"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=454953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=454953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=454953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Now read: Teraco seals R31.69-billion deal<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"