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

While a traditional school may take several days just to raise walls, in Malawi a 3D-printed school had its structure ready in 18 hours, welcomed children in June, and showed a new solution to the lack of classrooms.

Goodbye traditional washing machine: Panasonic surprises housewives with the NA-G5 featuring four drums, a 13 kg washer and dryer, a 12 kg dryer, independent mini washers, a heat pump, and a 4-in-1 system awarded at the German Design Award.

With a diameter of 15.08 meters, a length of 182 meters, and weighing 3900 tons, the world’s largest tunnel boring machine for drilling super hard rock made a 9 km tunnel in Georgia and impresses with its excavation power.

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