Oracle’s Massive Layoff
Over 3,000 Employees Cut from Cerner Unit, Reveals Report
Written by Sanjay Kumar
Oracle
Computer software company
- Founders: Larry Ellison, Bob Miner, Ed Oates
- Customer service: 080678 62950
- CEO: Safra Catz (18 Sept 2014–)
- Headquarters: Austin, Texas, United States
- Subsidiaries: Cerner Corporation, Aconex, Taleo, MORE
- Founded: 16 June 1977, Santa Clara, California, United States
- Number of employees: 143,000 (May 2022)
Oracle, a major player in the cloud industry, has decided to lay off over 3,000 employees at Cerner, a firm specializing in electronic healthcare records. This comes after Oracle acquired Cerner for a staggering $28.4 billion. Recent reports indicate that the layoffs took place this month, with the affected employees coming from various departments such as marketing, engineering, accounting, legal, and product. Furthermore, Oracle has implemented a freeze on raises and promotions for Cerner employees, with a prior announcement stating that no raises should be expected until 2023.
The acquisition of Cerner brought approximately 28,000 employees into Oracle’s workforce. According to the report, Oracle has refrained from issuing raises or granting promotions since the acquisition. This has understandably caused concern among the employees affected by the layoffs. The report highlights the significant impact of these job cuts, affecting various teams and roles within the organization.
Oracle has been actively working on the development of a national health records database, an initiative aimed at safeguarding patient data privacy. Larry Ellison, the Chairman and Chief Technology Officer of Oracle, has stated that the database will anonymize all patient data, ensuring that individuals’ information remains confidential unless they provide consent to share it. Cerner, known for its expertise in digital information systems for healthcare institutions, played a crucial role in this acquisition, as its systems enable medical professionals to provide better healthcare services to patients and communities.
In addition to the health records database, Oracle is also focused on the creation of a patient engagement system, which has gained prominence during the ongoing pandemic. This system aims to collect data from wearables and home diagnostic devices, providing valuable insights into patients’ health conditions. By leveraging these technologies, Oracle aims to enhance patient engagement and enable more personalized healthcare experiences.
Meanwhile, Amazon, a tech giant, has reportedly initiated layoffs in India, affecting approximately 500 employees across different business units and functions. This move follows Amazon’s announcement in March to cut around 9,000 jobs within its cloud services, advertising, and Twitch divisions, reflecting concerns about a potential recession.
These recent developments highlight the evolving landscape of the tech industry, where companies like Oracle and Amazon are making strategic decisions to adapt to changing market conditions. While these decisions often bring about short-term challenges and concerns for employees, they also reflect the companies’ efforts to innovate and position themselves for future growth.
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