Any hope of Oracle’s advertising division continuing under new ownership is fading fast, as the company’s bosses show zero interest in selling it off. They’re done with advertising, leaving its executives to face the fallout.
Digiday understands several hundred layoffs were involved in Oracle’s advertising division’s closure, with the majority of those staffers learning of the plans when they were announced publicly during the tech company’s latest earnings call earlier this month.
The layoffs actually started last week — many of the impacted workers were not informed of the decision to close the unit until the corporation’s June 11 earnings call, according to one Digiday source — leaving a skeleton crew with just two weeks’ notice before they’re also gone.
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The original post is at Marketing Archives – Digiday
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