Oracle cuts hundreds of jobs in its health unit – Times of India

US-based tech giant Oracle has laid off hundreds of employees, cancelled job offers and cut back open positions according to a report. As reported by Insider the company has made job cuts at its electronic healthcare records firm Cerner. Oracle acquired Cerner in December last year for $28.3 billion.
The report mentions that the main reason for the layoffs was primarily attributed to Cerner’s difficulties in working with the US Department of Veterans Affairs. The department had engaged Cerner to replace its in-house medical records system with Cerner’s technology.
The report also adds that the laid off employees will receive severance pay equal to four weeks plus one additional week for every year of service and a payout of vacation days.
What is Cerner
Cerner Corporation, a company specialising in health information technology services, devices, and hardware, was mentioned in a report by IANS. The report stated that Oracle, another major player in the industry, is currently in the process of developing a national health records database.
Larry Ellison, the chairman and chief technology officer of Oracle, emphasised that patient data would remain anonymous until individuals grant their consent to share their information. Ellison reassured that Oracle’s database would implement effective anonymization measures for all patient data.
Furthermore, Oracle’s efforts extend beyond the health records database. The company has been actively working on the development of a patient engagement system for some time now.
In addition to these advancements, the report also mentioned Oracle’s ongoing work to enhance the patient engagement system’s capability to gather data from wearable devices.
This is not the first time that Oracle has announced job cuts from its electronic healthcare unit. Last month, the US-based company fired almost 3,000 employees from Cerner. The layoffs impacted employees from marketing, engineering, accounting, legal and product teams.
Furthermore, Oracle has reportedly “not issued raises or granted promotions, and, earlier this year, announced that workers shouldn’t expect any through 2023”.