Business
Oracle lays off hundreds of employees in its Cerner health unit
San Francisco, June 16
Cloud major Oracle has laid off hundreds of employees and rescinded job offers in its $28 billion Cerner health unit, the media reported on Friday.
According to a report in Insider, citing sources, the company has also cut back open positions within its health unit "after troubles with a massive government contract".
Oracle was yet to comment on the report.
The news about layoffs at Lerner surfaced last month. Oracle had acquired healthcare records firm Cerner for $28.4 billion.
According to Insider, Oracle paused raises and promotions and "laid off thousands of employees in the unit" as recently as May after the acquisition closed in June last year.
The Cerner acquisition had brought in about 28,000 employees.
Oracle has "not issued raises or granted promotions, and, earlier this year, announced that workers shouldn't expect any through 2023".
Layoffs "affected workers across teams, including marketing, engineering, accounting, legal, and product", said the report, citing a former employee.
The Cloud major is developing a national health records database.
According to Oracle's Chairman and Chief Technology Officer Larry Ellison, the patient data would be anonymous until individuals give consent to share their information.
Ellison has assured that Oracle's database will anonymise all patient data.
Cerner is a leading provider of digital information systems used within hospitals and health systems to enable medical professionals to deliver better healthcare to individual patients and communities.
Oracle's new health records database will also involve the patient engagement system the company has been developing throughout the pandemic.
The Cloud major is also working on the patient engagement system's ability to collect information from wearables and home diagnostic devices.
3 seconds ago
IRCTC to launch revamped website on July 15 with faster bookings, smarter features
41 seconds ago
Indian companies’ proposals for ECB fundraise up 25.8 pc to over $4.73 billion in May: RBI
1 minute ago
RBI urges banks to use AI, strengthen cybersecurity
2 minutes ago
Bharat Tex 2026 kicks off with record global participation
2 minutes ago
India-UK FTA kicks in on Wednesday, bilateral trade to get booster shot
3 minutes ago
Maha Cabinet approves asset monetisation policy to boost revenue for urban local bodies
4 minutes ago
India, Belgium to expand cooperation across trade, investment, tech
12 hours ago
Malabar Gold & Diamonds Proudly Represents India’s Global Business Vision at PM Modi’s ‘Kia Ora Modi’ event in Auckland, New Zealand
12 hours ago
Didi Krishna’s Message to Physicians at AAPI Convention 2026: A Sacred Blueprint for Physicians as Healers
12 hours ago
Deeply disappointed: 'Melbourne Meets Modi' organisers on 'paid crowd' claims of Rahul, Kharge; seek apology
12 hours ago
‘This is just the beginning’: Tendulkar hails landmark Lord’s Test as defining moment for women’s cricket
12 hours ago
Successive reports on presence of foreign operatives in and around India raises serious concern
17 hours ago
India strongly condemns the attack on vessels transiting Strait of Hormuz
