Oracle Corporation Will Lay Off Hundreds of Employees at Cerner

Written by Bruno Teles

Published on 20/06/2023 at 00:48

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Despite the growth, and also hitting the revenue record of 50 million dollars, Oracle Corporation announced that it will lay off hundreds of employees from Cerner (electronic health record company) that was acquired in 2022.

The company Cerner cost over 28 million dollars. However, for the first time this year, it reached 50 million dollars with an 18% growth, yet announced that it would lay off employees from the company. Thus, in the last year, it took a stake in the technology giant’s business with more than 1.5 million.

According to the president and CEO of Oracle Corporation, they expect to accelerate the acquisition of new customers in the coming quarters. However, the restructuring is the result of a somewhat troubled business between the organization and the U.S. Department of Veterans Affairs.

Statement on Oracle Corporation Layoffs

Oracle Corporation has not yet made any statement regarding the layoffs; however, they are quite modest compared to the cuts that other tech companies have made this year. Thus, this inconvenience will not affect or change the roadmap of Cerner. The company continues to have very high expectations, with the need to digitize the healthcare sector.

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About the Company

Oracle Corporation is an American multinational technology and computer company. It specializes in the development and marketing of hardware, software, and also databases. It is headquartered in Austin, Texas, United States.

The company also operates in providing infrastructure for corporate clients, including data centers in the Americas, Europe, and also Asia. In addition, Oracle Corporation offers consulting services and advanced support.

The company was founded on June 16, 1977, in California, United States by Larry Ellison, Bob Miner, and Ed Oates. It has subsidiaries such as Cerner, Aconex, Taleo, ORACLE CORPORATION JAPAN, among others. LEARN MORE.

Oracle Corporation Will Lay Off Hundreds of Employees at Cerner

Despite the growth, and also hitting the revenue record of 50 million dollars, Oracle Corporation announced that it will lay off hundreds of employees from Cerner (electronic health record company) that was acquired in 2022.

Statement on Oracle Corporation Layoffs

About the Company

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Oracle Corporation Will Lay Off Hundreds of Employees at Cerner

Despite the growth, and also hitting the revenue record of 50 million dollars, Oracle Corporation announced that it will lay off hundreds of employees from Cerner (electronic health record company) that was acquired in 2022.

Statement on Oracle Corporation Layoffs

About the Company

Family without running water in the interior of Ceará takes out a loan to drill an artesian well and discovers possible oil, but cannot use it, cannot sell it, and is left with a debt of R$ 15,000.

On the Greek island of Ithaca, archaeologists have found what may be a sanctuary dedicated to the legendary Odysseus, with inscriptions bearing his name and votive offerings that span from the Mycenaean to the Hellenistic era.

Is a smart plug worth it in a regular home? What does it offer: turns on and off via smartphone, creates routines by schedule, prevents forgotten devices, sometimes monitors consumption, and improves habits without renovation or miracles.

Spain surprises the world by erecting 62 artificial dunes, mixing sand with natural remains of posidonia, and causing the structure to lose only 1.4% of its volume in 1 year.

After two years of internal discussions, Paraguay has finally regulated the law that opens the country to foreign technology and service companies with tax incentives that promise to create thousands of jobs and change the economy.

Map reveals how the Earth may look in 250 million years: continents will reunite in the Last Pangaea, 92% of the planet could become uninhabitable for mammals, and Spain appears among the rare possible exceptions.

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