OtherUS

Oracle Layoffs

January 2023

Oracle announced a layoff affecting 0 employees in January 2023. The company operates in the Other sector.

People Affected

Announced Date

Jan 17, 2023

About

Oracle, a major enterprise software company, conducted another round of layoffs within its Oracle Advertising unit in January 2023, following earlier cuts in July and August 2022. While the exact number of employees affected this time was not disclosed, the unit had previously laid off about 60 people. These layoffs are part of a reorganization aimed at making the advertising business more focused and self-funding, coinciding with the departure of key executives like Chief Product Officer Derek Wise. The changes reflect ongoing adjustments in Oracle's cloud-based advertising and customer experience divisions.