MAM
Vikram Sakhuja honored with AAAI Lifetime Achievement Award
MUMBAI: The Advertising Agencies Association of India (AAAI) presented its prestigious Lifetime Achievement Award to Madison Media & OOH group CEO Vikram Sakhuja, on 10 January at a glittering ceremony attended by leading figures from the advertising and marketing industry – Piyush Pandey, Prasoon Joshi, N. P. Singh, Arvind Sharma, Madhukar Kamath, Ramesh Narayan, Sam Balsara, Shashi Sinha, Anupriya Acharya, Prasanth Kumar, and another 200 of them.
With nearly four decades of expertise, Sakhuja has been associated with global giants like Procter & Gamble, The Coca-Cola Co, Star TV, Mindshare, Maxus, and GroupM. An alumnus of IIT Delhi and IIM Calcutta, his career highlights include setting up India’s first media AOR, launching the country’s first afternoon soap opera, and leading brand introductions during P&G’s and Coca-Cola’s early days in India. He has also been instrumental in pioneering research initiatives such as BASES and retail audits and transforming GroupM into India’s largest and most awarded marketing investment powerhouse.
Accepting the award, Sakhuja reflected on his 38-year journey, including 23 years in the agency world. He noted how his 15 years in marketing gave him a solid foundation. And how his early years in DCM between IIT and IIM shaped his professional outlook, stating, “After five years of college, I got a taste of professionalism, and it tasted pretty good. I said to myself: If this is what corporate life prepares us for, I’m all game for it.”
He added: “I am truly humbled to have been given the Lifetime Achievement Award by AAAI. When I look at the list of 31 recipients before me, it’s genuinely humbling because they were all legends. I am a mere mortal. That said, it is brilliant to receive this validation from my peers. I thank the entire industry for this lovely honour that I’ve been bestowed with.”
In response to the honour, Madison World chairman Sam Balsara remarked: “This lifetime achievement award is a testament to Vikram’s tireless work ethic, his passion for excellence and his commitment to making a positive impact on the media industry as a whole.”
Sakhuja remains an active contributor to the industry through roles in organizations like the Advertising Standards Council of India (Asci), Audit Bureau of Circulations (ABC), Readership Studies Council of India (RSCI), Broadcast Audience Research Council (BARC), and Ficci’s marketing committee.
The accolade recognises Sakhuja’s outstanding contributions to shaping India’s media and advertising landscape.
Brands
Oracle layoffs affect up to 30,000 employees globally
Job cuts span US, India and more, staff cite abrupt emails, uncertainty.
MUMBAI: April began with an inbox shock and for thousands, it ended with an exit. Oracle has carried out a sweeping round of layoffs, impacting an estimated 20,000 to 30,000 employees across its global operations, even as the company continues to report strong business performance. The job cuts were communicated via emails sent early on April 1, affecting staff across multiple regions including the United States, India, Canada and parts of Latin America. The reduction spans a wide range of roles and functions, though the company has not disclosed specific criteria behind the decisions.
In the days following the layoffs, employees have taken to platforms such as LinkedIn to share their experiences, many describing the process as abrupt and unsettling. Several posts pointed to a lack of prior indication, with notifications arriving suddenly in early-morning messages.
A recurring concern has been the impact on long-tenured staff. Users reported that employees with decades of experience were among those let go, raising broader questions about job security even for seasoned professionals within large technology firms.
The layoffs have also sparked anxiety about the wider direction of the sector. As companies continue to invest heavily in automation and artificial intelligence, workforce recalibration is becoming more common often accompanied by uncertainty around future roles and skills.
For many affected employees, the immediate challenge lies in navigating career transitions in an increasingly competitive job market, with posts reflecting concerns about stability and next steps.
The development comes against a backdrop of strong financial performance at Oracle, which recently reported a 22 percent year-on-year increase in revenue, alongside continued growth in its cloud infrastructure business. The company has also been committing significant capital towards artificial intelligence and data centre expansion.
The contrast between growth and job cuts has added to the unease, underscoring a broader shift in how large technology firms balance expansion with efficiency sometimes at the cost of the very workforce that helped build that growth.
