Oracle Restructures Marketing Department

The business applications and database company made the changes to the marketing department on Monday, resulting in worker reassignments, said a company spokeswoman, who declined to confirm reports of layoffs. Sources close to the company, however, confirmed that job losses were involved.

Executive Vice President Chuck Phillips led the restructuring of the department, the spokeswoman said. Phillips took over the unit after the departure of Chief Marketing Officer Mark Jarvis in July. No reason was given for Jarvis leaving the Redwood City, Calif., company, where he had worked for 14 years.

This story courtesy of Techweb.com.