Oracle cuts 'hundreds' in advertising and customer experience group: report
Marlon Trottmann


Oracle (NYSE:ORCL) has laid off "hundreds" of employees this week, notably in its advertising and customer experiences group, The Wall Street Journal
reported.
The news outlet, citing people familiar with the matter, noted that the group helps clients by selling services to let them analyze customer data and target advertising.

Oracle (ORCL) shares fell less than 0.5% to $77.15 in late day trading on Friday.
Austin, Texas-based Oracle (ORCL) did not immediately respond to a request for comment from Seeking Alpha.
The news of the layoffs comes just days after the Larry Ellison-founded Oracle (ORCL) was reported to start cutting employees in the U.S., including some in the San Francisco Bay Area.
Last month, Oracle (ORCL) was reportedly considering "thousands" of layoffs and could cut costs by as much as $1B.
It was recently reported that Microsoft (MSFT) has reached out to Oracle (ORCL) and other cloud service providers to speak to the U.S. government and spread its contracts to curb Amazon's (AMZN) dominance in the space.